Every trader wants to know where the price will go. However, in order to get the most realistic answer to this question, it is necessary not only to observe the chart on the trading platform but also to constantly monitor what is happening in the world.
A key referendum, the president’s commentary or the negative statistics publication can have a dramatic effect on the national currency rate.
You have probably heard similar phrases: “The pound fell on the news ... The euro against the dollar jumped up due to the news ...”.