Daily News | The Brexit referendum still influential

Welcome back to more global binary options trading! Join us, as we take a look at the most pertinent data out there in order to help you save time and be more efficient! This Monday, we decided to focus on the British pound sterling. From Thursday to Friday, the pound rose from $1.2919 to $1.3075. In spite of this, business confidence is not very high in the United Kingdom, as around four out of ten businesses say that the Brexit referendum has hurt their investment plans, at least according to a CBI survey of 357 companies. Others had reported that the Brexit referendum had not curtailed their futures. But the uncertainty that lingers must have Bank of England policymakers worried, as their chief instrument of economic renewal are investments and exports, which would hopefully counteract the consumer slowdown. Whatever the case may be, we will keep you informed, but let us now switch to the US dollar. In the same period, the USD fell from €0.8783 to €0.8732. US housing stocks might have been overbuilt, as the data does not match up with the biggest rally this sector has seen in the last five years, with indexes reporting a surge of 32% this year, also hitting a decade-high earlier this week. We will continue to look into this in the future, so sticks with us!

Daily News | Sign up with an exciting broker

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Author: Max Rothstein

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