The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here

22.10.2015 - The British pound showed strong price movements today

The price of the British pound today showed a high level of volatility in connection with the release of unexpectedly strong statistics on retail sales in the country, which increased by 1.9% in September that was 1.6% better than expected. We recall that in August, the drop was 0.4%. In spite of this, quotes of the pound were not able to continue its growth and fell following the euro after the statement of Mario Draghi about the discussion of the issue of reduction of deposit rates, as well as due to increased confidence in the launch of more stimulus measures from the ECB on the background of a slowdown in the world economy, that will put pressure on the price of the euro. We expect the fall of the British pound in the near future and medium term.

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RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.
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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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