Daily News | Sales going down in Britain

Welcome once again to another exciting week in global binary options trading! As always, we have a really great day of trading on the binary options market in store for us today, so be sure to read on and profit afterwards! This Monday, we decided to first focus on the British pound sterling. From Thursday to Friday, the currency fell from $1.2473 to $1.2425. In fact, the GBP fell after a surprise third monthly fall running in British retail sales. This is a sign of weakening consumer sentiment, as the government is getting ready to start talks on leaving the EU. The data showed that sales volumes down 0.3% month-on-month in January, which was much weaker than initial forecasts. We will continue to monitor this situation, but let us turn to the euro. In the same timeframe, the currency fell from $1.0660 to $1.0615. Board member of the European Central Bank, Sabine Lautenschlaeger, said that the ECB will wait for inflation to become stable in the desired area of just under 2% before interest rates can be increased. She did add that she hoped the bond-buying program can be downsized by the end of the year. We will continue to follow all the news in the future, so remember to check in daily!

Daily News | Find a reliable business partner

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Author: Max Rothstein

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