Daily News | McCafferty wants more

We are right in the middle of the global binary options trading week, with markets across the globe bringing us plenty of news that you should know, if you are to make it big trading currencies. Luckily, we will provide you with the data you need to reach your goals. We start with the British pound sterling. The GBP fell from $1.3041 to $1.2972 from Monday to Tuesday, a low set after a statement made by the Bank of England’s sole policy hawk, Ian McCafferty. In an interview for The Times, McCafferty told the newspaper that the UK would need more easing measures if current sentiment surveys are to be believed. Surprisingly, retail sales have been on the rise in Britain in June, suggesting a much more robust consumer base, which could get the currency out of its slump. In other news, the US dollar fell negligibly, from €0.9028 to €0.9026, amid flat US stock index futures. This comes just a day after the S&P 500 index saw record highs. Investors are worried that the earnings recession could spill over into the third quarter, which could have a further destabilizing effect on the USD. To stay on top of these news items, be sure to check our articles daily!

Daily News | Trade on a superb platform

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Author: Max Rothstein

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