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All UK macroeconomic reports have been a failure. The country's GDP was negative, industry declined both in monthly and annual terms. Meanwhile, the government does not want to see problems in the economy and is successfully shifting market attention to political factors. The British prime minister's calls to revise the conditions for leaving the EU remain unanswered.
Traders' fears regarding Brexit without a deal contributed to the pound's collapse, which ended last week at its lowest mark of over three decades against the dollar. Against the euro, it fell to its lowest level since 2009. The falling pound feeds negative forecasts. Big investors and analysts scare the markets by reducing the currency to 1.10 against the dollar and 1.0 - paired with the euro.
The pound began the new week with recovery, but, given the very vague economic and political picture of England, it could not hold out in the black for a long time.
Credit Agricole believes that the lack of clarity on Brexit makes any recovery of the pound attractive for the resumption of its sales.
The rally may be due to profit taking in a market that is excessively short in pounds. It is unlikely that investors will take a more constructive view of the pound now. This week it is worth paying attention to reports on the labor market, inflation and retail sales. However, the impact of statistics is likely to be short-term.
There is little official information about contacts with officials from Brussels, nevertheless even the most insignificant negative increases the likelihood of a "hard" exit from the EU, which means that the market will regard it as a new reason for selling the pound.
Johnson spends a lot, the risk of early elections is growing. Instead of saving money to support the economy ahead of Brexit, British Prime Minister Boris Johnson is increasing spending. The newly made prime minister is accused of unreasonable expenses.
On Sunday, he announced that he would spend 2.5 billion euros on prisons as part of his promise to reduce crime. Before this, funding for the National Health Service was significantly expanded.
Even larger amounts can be allocated after the Treasury completes the annual calculation of ministry expenditures. Most likely, this will happen in September, since the date of exit from the EU - October 31 - is approaching. Bloomberg notes that Johnson, demanding additional funding for a particular direction, is guided solely by political considerations.
This is fundamentally wrong, given the uncertainty surrounding Brexit and the shrinking economy for the first time in seven years. At the moment, the only way to stop the prime minister is through a vote of no confidence. So consider his opponents.
The risk of holding early general elections is increasing. However, it may disappear if B. Johnson fails to realize his plans for an aggressive "divorce" from the EU.
Forex Brokers offering a quick and safe mt4 download
1. Traders Way
This brokerage firm topped the list because of being the first FX broker that gave me access to mt4 platform without being greedy, I had complete control over their distribution of newsletters and promotions, which was 2016.
With their non-greedy $10 minimum deposit I gained my first live experience. It was pretty fun when I made my first $25, I felt like I owned the trading software without paying for it. For detailed information about traders way go to trader’s way review page.
2. CM Trading
The winner of the 2017 African Broker award. CM Trading secures the second spot due to their extended services, they not only offer mt4 platform download, and they teach how to trade using eBooks, videos, and live webinars.
Professional traders using CM Trading resources are cursed to win because their firm provides daily technical analysis and news.
CM Trading Company not only provides mt4 access to all levels of traders, they provide value to ensure a mutual business relationship long term. For more information go to CM Trading website.
3. Fibo Group
The oldest player in the retail brokerage industry, Fibo is 19 years old in 2018. Fibo Group provides the Meta trader platform without any dealing desk.
Fibo Group has built their brand on the basis of providing services to high net worth retail traders. For a more detailed company background go to Fibo Group review.
AVATRADE has various talented ways to give mt4 access. They opened offices in 11 countries and they attract traders from all over the world.
Relax and be assured that when you use mt4 through AVATRADE firm, you will have access to infographic news and technical analysis for 5 days a week. For more information visit AVATRADE home page.
InstaForex is by far the smartest broker in our generation. Some of their greatest strengths are; sponsorship, partnership, and consistency.
The insta company is partnered with Liverpool FC, together they sponsor a lot of sports clubs for the ongoing promotion of their brand.
As a result of their innovations and intellect business model, they have managed to serve the mt4 platform to over 1 million active individual traders all over the globe. Read InstaForex review for more information.
This is the only forex brokerage company I would trust with a $1 million investment deposit. Pepperstone’s technology is very impressive, they have some kind of legitimate deal with government officials in all the countries they serve. Currently, they are the only forex broker with the ability to verify customer accounts without the client uploading documents.
Pepperstone doesn’t just provide the mt4 platform, they offer a very precise educational blog, and it covers the trading business right from its DNA. Read more about pepperstone.
24 option made their first impression on binary options, recently the company began to provide forex services through the mt4 platform. Currently, 24Option offers over 200 underlying assets.
The company also has an effective promotional strategy, they have partnered with Juventus FC. As a result over 100k traders worldwide have chosen the mt4 platform using their servers. Read 24Option review for more information.
8. Blueberry Markets
Blueberry Markets concludes our discussion of the best 8 forex brokers for downloading Meta Trader 4. They have established themselves unique by providing a free VPS. Their VPS deal benefits traders that employ a standard lot and above. Read this review for more information about Blueberry Markets.
Xmaster Formula Forex Indicator ensures that you trade as a forex master. It is best for beginners.
The indicator is displayed on a separate chart below the main trading chart. It is responsible for the display of green and red dots that are arranged in a wave line form. The dots follow the trend of the market. The indicator also displays yellow arrows, which are usually the main signal. The green dots shows that the market prices are on the rise while the red dots shows that the market prices are on a down ward trend. Another thing worth noting is that the green dots are usually thinner than the red dots. Therefore, there is nothing wrong with the size of the green dots and it doesn’t mean that the trade is week as some traders may opt to think. https://forexbroker500.uk/