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Recent News

Bank of England reduces UK GDP forecasts for 2016 and 2017 – Binary Options Daily Review

By Barry Jenkins , 2016-02-05

In December US payrolls surged by 292,000 this was following 252,000 in the previous month. Hiring had received a boost from the unseasonably warm weather and the unemployment rate remained unchanged at a 7-1/2-year low of 5%. US payrolls for October and November were revised up to show 50,000 more jobs created than had been previously reported, adding to the report's upbeat tone. US private sector employment is expected to expand by 195,000 in January, while the unemployment rate is forecast to remain unchanged at 5%. With this in mond, monitor the Dollar for Binary Options trading. Read more

Oil jumps 8% on renewed hopes of production cuts – Binary Options Daily Review

By Barry Jenkins , 2016-02-04

The Bank of England maintained interest rates in January as volatility in global markets and as the fall in oil prices slowed inflation even further. Only one member of the MPC voted for a rise to 0.75%. MPC members believed "the outlook remained unchanged from the previous economic forecasts in November. But the minutes noted the volatility on financial markets, and in share prices in particular. Furthermore, the MPC highlighted a 40% fall in the oil price which would badly affect inflation growth. BOE Governor Mark Carney will speak about the Inflation Report, Carney said in a speech in London that the Bank of England should not start to raise interest rates in the coming months, stating the weak condition of the global economy and the slowing growth in the UK. He also said that the MPC will watch for signs of renewed downturn in inflationary pressures before offering another round of monetary easing. Monitor the Pound. Read more

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