Excerpt from: Forex Analysis
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| March 14, 2008 | | Inflation helps the sterling in currency trading | Forex trading strategy should take into account that the UK pound is on the rise again versus the US dollar. Sterling is also doing well in currency trading against the euro. Interest rate futures are advancing as inflation rises, and BOE rate cuts are expected to be scales back. Bloomberg reports on forex trading with the UK pound:
The pound climbed against 10 of the 16 most-traded
currencies tracked by Bloomberg this week after yields on
sterling interest-rate futures advanced the most in at least four
years as traders pared bets on lower borrowing costs. A central
bank survey yesterday showed inflation expectations in Europe's
second-biggest economy rose to the highest since 1999 last month. | Topic Tags: BOE rate cuts, currency trading euro, forex trading strategy, forex trading UK pound, forex trading US dollar, interest rate futures, sterling currency trading | |
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