Daily News | UK remains firm

We hope you are ready to begin another exciting week on the global binary options trading market! There are plenty of news items to choose from that could have a potentially very serious effect on the currency market, so let us begin. This Monday, we take a look at the British pound sterling. From Thursday to Friday, the GBP fell from $1.2650 to $1.2642. This happened in large part because of dealers preparing themselves from the fallout that a “hard” Brexit could cause. According to recent surveys, it seems that key measures of UK business investment and turnover confidence have hit new, four-year lows in the previous quarter. With the EU’s position hardening, the UK has hardened its stance on immigration and EU legislation. We will continue to follow this developing story in the future, so let us now take a quick look at the US dollar. In the same period, the USD fell from €0.8962 to €0.8961. The name of the game in the States was yesterday’s presidential debate. The markets are still holding steady, indicating that little has changed for market experts. They still believe Democrat Hillary Clinton has a decided edge over her rival. The debate held nothing of importance for investors, leading to little to no change in trading.

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Author: Max Rothstein

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