Daily News | Wells Fargo faces problems

We are continuing our coverage of this week in global binary options trading, as there are plenty of solid economic factors that could sway any currency on the market to the highest highs, or the lowest lows. Thankfully, we know which is which and will share that data with you! Join us, as we look at the British pound sterling. From Friday to Monday, the GBP rose from $1.2395 to $1.2417. Overall, most European shares fell last week, with a small weekly loss. In Britain itself, industrial output had an unexpected fall in February, which has led to hard times for manufacturers, with economic growth grinding down to a standstill. The online grocer Ocado fell 4.8%, leading to UBS deeming their stock fit to sell, and not buy. We will monitor the struggles of the UK in the future, but let us now turn to the US dollar. In the same period, the dollar rose from €0.9420 to €0.9436. This happened despite the discord seen in Wells Fargo, which has blamed their unauthorized accounts scandal on a high-pressure sales culture, shifting the blame to a retail executive obsessed with sales. Since the scandal broke, Wells Fargo has been steadily falling in terms of sheer numbers, so we will monitor the problems facing the company.

Daily News | Trade with a trustworthy partner

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Author: Max Rothstein

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