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Excerpt from:  GFT Analysts in the News
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April 18, 2008

UK Pound Gains in Forex Trading

Sterling rises in currency trading
Thanks to a plan being floated by the Bank of England, the UK pound is gaining in forex trading on the currency market this morning.

The sterling is receiving a boost in currency trading on the news that the BOE could allow banks to take their risk-laden mortgage-backed securities and exchange them for government debt.

Optimism returning to the FX market for the UK pound as investors look forward to the ability of banks to start lending money again.
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PermalinkSterling in Currency Trading
.Forex trading on the currency market
.http://www.gftforex.com/land/index.asp?aid=446
Topic Tags:  Bank of England plan, currency trading sterling, forex trading currency market, FX market UK pound, mortgage-backed securities, UK pound forex trading
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