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Excerpt from:  GFT News
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May 07, 2008

UK Pound Plunges in Currency Trading

Cable drops in forex trading
UK pound currency trading, currency trading, FX market, forex trading, currency pair, cable forex trading, British economy, interest rates
The cable (term for GBP/USD currency pair) is dropping in forex trading as news on the British economy shows increasing weakness. The UK pound is down in currency trading on the FX market as the industrial production contracts data shows that the last area of relative strength in the British economy is giving away.

This could mean that the Bank of England may cut interest rates sooner than expected in order to help stimulate the flagging economy.
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PermalinkUK Pound in Currency Trading
.Forex trading on the currency market
.http://www.gftforex.com/land/index.asp?aid=446
Topic Tags:  British economy, cable forex trading, currency pair, currency trading, forex trading, FX market, interest rates, UK pound currency trading
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