Subscribe to the "U.K. Pound Down in Currency Trading" web feed.Subscription options
Excerpt from:  GFT Analysts in the News
.
January 18, 2008

U.K. Pound Down in Currency Trading

Forex trading with the sterling
U.K. retail sales data prompted the decline in forex trading with the sterling.
– 
Currency Analyst
The U.K. pound is down in currency trading on the FX market after days of gains overall. U.K. retail sales data prompted the decline in forex trading with the sterling. Economic data coming out of Britain continues to show a slowing economy. Bloomberg reports on the U.K. pound in currency trading:

``The problem with the pound is the bigger picture, which is deteriorating,'' said Simon Derrick, London-based head of global strategy at Bank of New York Mellon Corp., who is more bearish on the pound than 36 analysts in a Bloomberg survey. ``Factors that have supported the currency such as interest rates and carry trades seem to be dissipating.''
Bookmark and Share
.
PermalinkForex Trading with the Sterling
.Currency trading on the FX market
.http://www.gftforex.com/land/index.asp?aid=446
Topic Tags:  currency trading, economic data, forex trading, forex trading sterling, FX market, U.K. pound currency trading, U.K. retail sales
by mmarquit | ↑top | link to this#
Syndication OptionsRSS (Rich Site Summary) Feed Atom Feed OPML (Outline Processor Language) Feed MYST-ML (MyST Markup Language) Content Feed MS-Office Smart Tag Subscription