Daily News | Troubles in Europe continue

This week in global binary options trading is slowly coming to a close, but there are still some smart moves to make on the currency market! Join us, as we explore all the most important news that could very well decide your profits! Today, we start off with the euro. From Tuesday to Wednesday, the euro dropped from $1.1075 to $1.1060, which is a continuation of the troubles the EU as a whole has been having for weeks. Recently, Slovakia took over the Presidency of the EU, which usually leads to changes in the Eurozone’s economy. Slovakia has been a staunch opponent of EC proposals to deal with the refugee crisis, which could cause problems, but we will have to wait for the impact of this change. Let us now turn to the British pound sterling. In the same period as the EUR, it dropped from $1.3021 to $1.296, which is a continuation of troubles for the GBP, as well. The Bank of England has taken measures to ease rules for banks so as to encourage lending, which could protect the UK’s economy as a whole, following Brexit. In fact, the governor of the BoE, Mark Carney, is confident that the risks from the referendum have started to crystallize. We will have to wait and see if this kind of confidence is warranted.

Daily News | Trade on the go!

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Author: Max Rothstein

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