Record lows for the British pound, after Prime Minister Theresa May`s declarations

Record lows for the British pound, after Prime Minister Theresa May`s declarations

By: Darryl Frankfort | Where To Trade | On:Tuesday, 10 January, 2017
Back

  On Tuesday, the American dollar went low against major currencies, whilist the British Pound moved further in hitting new lows. This happened due to an uncertainty over if UK governments about Brexit.

The U.S. dollar index was down 0.18%, reaching 101.74. Taking into consideration that last week the dollar index hit its highest level since 2002, the situation is rather alarming.

The American dollar's appeal was build by the expectation of future high interest rates in 2017. The Federal Reserve raised interest rates in December of 2016 and showed that it will increase rates three more times this year.

The GBP/USD pair went low, at 1.2116, tumbling by 0.3%. As soon as the British Prime Minister Theresa May declared on Sunday that the United Kingdoms won't  keep the same deals as for the European Union membership.

This made markets around the world to think about the fact that the United Kingdom won't give the chance to other countries to negotiate a future access to the European single market as the United Kingdom leaves the European Union.

With the British pound already at two-months lows against the euro, the GBP is now low against dollar too.
The EUR/USD pair went up 0.22%, reaching 1.0598. 

The Greenback went down against the Yen. USD/JPY pair went down 0.24% to 115.71. 
 The markets in Japan were closed on Monday. 

 

Citigroup Inc. is to pay $25 million amends

Citigroup Inc. is to pay $25 million amends

By: Simon Furman | Where To Trade | On:Thursday, 19 January, 2017

Citigroup accepted to pay the amends without denying the accusation

Netflix added 7.1 million new subscribers

Netflix added 7.1 million new subscribers

By: Oliver Miller | Where To Trade | On:Thursday, 19 January, 2017

Netflix Inc. managed to add in the last quarter of 2016 more subscribers than expected

Oil prices increased on Thursday

Oil prices increased on Thursday

By: Oliver Miller | Where To Trade | On:Thursday, 19 January, 2017

In recent trading session the oil prices went at their lowest point

The Federal Reserve Chair Janet Yellen is set to have another speech on Thursday

The Federal Reserve Chair Janet Yellen is set to have another speech on Thursday

By: Darryl Frankfort | Where To Trade | On:Thursday, 19 January, 2017

 On Wednesday, Federal Reserve Chair Janet Yellen spoke about the interest rates and about the United States' economy

Gold prices tumbled on Thursday, during the European morning trade

Gold prices tumbled on Thursday, during the European morning trade

By: Oliver Miller | Where To Trade | On:Thursday, 19 January, 2017

The gold prices dropped below $1.200

StockPair

Press Release

YesOption Voted Best Technical Analysis by DailyForex

YesOption Voted Best Technical Analysis by DailyForex

August 12, 2014 - London, UK, - Leading online forex and binary options trading platform - www.yesoption.com has once again made the news by being awarded the prestigious award of ‘Best Technical Analysis of 2014’ ...
24option binary options broker review

24option binary options broker review

Plus500Findings.com is recently launched online to help traders decide which broker they could open an account. 24Option, one of the popular trading platform online is reviewed whether it is legitimate broker or scam. This reviews and findings are of great benefits for traders, especially for those novice ones, who are just starting in the trading industry. ...
Banc De Binary Expands Investment Research Service

Banc De Binary Expands Investment Research Service

Leading Investment Firm, Banc De Binary, which specializes in binary options trading, has added a new weekly video series and trading webinars to the investment research service that it provides to its clients. ...

Articles

Citigroup Inc. is to pay $25 million amends

Citigroup Inc. is to pay $25 million amends

Citigroup accepted to pay the amends without denying the accusation ...
Netflix added 7.1 million new subscribers

Netflix added 7.1 million new subscribers

Netflix Inc. managed to add in the last quarter of 2016 more subscribers than expected ...
The Federal Reserve Chair Janet Yellen is set to have another speech on Thursday

The Federal Reserve Chair Janet Yellen is set to have another speech on Thursday

On Wednesday, Federal Reserve Chair Janet Yellen spoke about the interest rates and about the United States' economy ...
StockPair

Featured Listings