Disclaimer: Forex trading involves high risks, with the potential for substantial losses and is not suitable for all persons. The views expressed in this blogsite are those of the author(s) and do not necessarily reflect the official policy, position, or opinions of Global Forex Trading. Excerpt from: Foreign Exchange Rates
|  | | April 14, 2008 | | Forex trading with the sterling | The UK pound is making gains in currency trading on the FX market this morning. Economic data shows theat inflation and UK factory prices are on the rise. In forex trading, this is likely to support the sterling. Bloomberg reports on the UK pound in currency trading:
``The Bank of England would have cut interest rates more
aggressively were it not for the unhelpful inflation
background,'' said Adam Cole, head of global currency strategy in
London at Royal Bank of Canada, the nation's largest lender. ``In
any case, the pound seems to be gaining ground after a recent
pullback.'' | Topic Tags: currency trading, currency trading FX market, forex trading, forex trading sterling, FX market, inflation, UK factory prices, UK pound currency trading | |
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