You may be a Binary Options trader, and if so then every working day of the week you are going to have a huge range of different companies listed on most trading platforms on which you can place a trade on whether the values of those companies will rise or fall over any given time period.
One word you are going to hear regarding the UK is Brexit, and many commentators are either of the mind that Brexit, which is the name given to the UK’s withdrawal from the EU is going to crash the economy of Great Britain, or conversely will be the best thing ever to happen to the UK and will massively improve the economy over the long or short term.
However, whilst the powers that be try and put into place a trade deal in the UK with the EU, one of the easiest ways that you can see just how the build up to Brexit is affecting business in Great Britain is by looking at how their share prices are moving as each week goes by.
Whilst that in mind I am today going to be looking at the way in which some of the biggest companies in the UK have moved regarding their share values over the last 7 full days, which will certainly give you some food for thought as to just which trades to place next week!
3i Group and Admiral Group Weathering the Storm
If the Brexit doom mongers are to be believed, then there would be some massive drops in the share prices of all major companies in the UK, but that is simply not happening.
Take for example 3i Group over the last seven days their share price has gained and lost value, but nothing that would cause concern, in fact over the last week the share value for that company has fallen by a small -2.65%. On the other hand the Admiral Group has seen its share price gain in value by some 2.60%
Associated British Foods
Another company that is going to be a good indicator regarding any movement in its share value as to whether Brexit fears and worries are affecting the value of major UK companies is Associated British Foods.
As for the way its share price has moved in value it has seen a drop of -0.35% over the last 24 hours and a drop in value of some -6.33% over the last week.