Daily News | British interest rates rise for the first time in 10 years

We are now in the middle of this week in global binary options trading and there is plenty of great news to be had for anyone looking to trade on the currency market! Today, we will first focus on the British pound sterling. From Monday to Tuesday, the currency rose from $1.3482 to $1.3491. The Bank of England has announced that British interest rates would likely rise for the first time in 10 years. Employment figures do look strong, but the economy is growing at only half its usual pace. Furthermore, Britain is leaving the European Union in 18 months and there is still much in the air as to just how it would depart. The BoE has said that the rise in British interest rates would be gradual, at a level lower than before the global financial crisis. We will keep monitoring this story for more information, but let’s now jump across the Pond. In the same period, the USD fell from €0.8377 to €0.8347. US stocks, however, did rise in trading on Tuesday, helped chiefly by gains in telecom stocks. Investors are taking a close look at Federal Reserve Chair Janet Yellen’s views on inflation. More news will be coming in tomorrow, so be sure to come back then!

Daily News | Learn to trade without any pressure

The best way for you to prepare for all eventualities on the currency market this Wednesday is to choose ZoomTrader as your broker. In our ZoomTrader Demo Account article, we talked about the most important aspects of this wonderful feature. The basic premise here is that you will get insight into how the platform functions. You will be able to see what assets you trade the best with. This feature, however, is only accessible to real traders, you will have to make the initial deposit before gaining it. For more information, be sure to check out the full article!


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