Daily News | UK inflation causes concern

We are in the middle of this week in global binary options trading, with plenty of great chances out there for you to make sizeable profits. However, you have to know where to look. That is where we come in, with plenty of news items that might help you out! We start with the British pound sterling. From Monday to Tuesday, this currency fell from $1.2504 to $1.2462. In fact, the sterling also fell from its best position against the euro in the last month on Tuesday, as it seems that UK inflation numbers were lower than expected. This added to a number of restrained economic figures over the last few weeks. It did, however, have the fastest rise in consumer prices since June 2014, driven by higher fuel prices. Now, let us take a look at the US dollar. In the same period, the USD rose from €0.9432 to €0.9455. It seems that US producer prices went up more than it was previously expected in January, the largest gain, in fact, in four years. Unlike the pound in the UK inflation, the strong dollar helped in keeping things tame. The producer price index of final demand went up by 0.6% last month. This is the biggest positive move after September 2012 and it came after a 0.2% rise in December. We will keep you posted on these stories, so follow us every day!

Daily News | Access your funds with ease

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Author: Max Rothstein

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