Daily News | Trump worries Britain

It’s already Wednesday and new investment opportunities are on the horizon. The market is bustling with potentially great deals and, as always, we have compiled the most pertinent data on the market this Wednesday. Stick with us as we focus on the most important news stories of the day. Let’s start things off with the British pound sterling. From Monday to Tuesday, the GBP rose from $1.2410 to $1.2496. This growth spurt could change soon, as Bank of England Governor Mark Carney raised concerns over the Trump presidency. He stated that he could slow world trade down, thus hurting Britain’s economy. However, he did say that this would not be a huge shock to global economies, but rather just sand in the gears. We will continue to monitor this story, but let’s now see what kind of situation will wait for Trump when he assumes office. In the same period, the USD fell from €0.9453 to €0.9417. The economy as a whole, however, rose faster in the third quarter than estimated, marking its best performance in two years. In a separate report, US home prices also rose 5.5% in the year to September. For more on everything we discussed today, make sure you follow us every day!

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Author: Max Rothstein

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