Daily News | Fed eyes inflation

Welcome to yet another amazing day of this global binary options trading week. There are opportunities for profit waiting on every corner; you will not want to miss out on this! As always, we focused on a couple of the most important news items of the day, starting with the British pound sterling. From Friday to Monday, the GBP fell from $1.2423 to $1.2392. This came about as more troubling news seems to be coming in from London every day. It seems that firms wishing to relocate post-Brexit might find that task more difficult than they realized. Many firms operating in the City of London would prefer to sell their financial services throughout the EU, thanks to the “passporting” rules. This is a logistical nightmare and we will continue to follow this story as it develops. Now, we turn to the US dollar. In the same timeframe, this currency rose slightly from €0.8961 to €0.8962. This came about despite Federal Reserve Bank President Charles Evans saying that he sees benefits in allowing for stronger inflation than the Fed originally envisioned. He also stated that this could happen due to the drop in unemployment and urged policymakers to accept the increased inflation. We will monitor these changes as they unfold in the future.

Daily News | Trade safely

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Author: Max Rothstein

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