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Excerpt from:  Forex Forecast
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May 15, 2008

Forex Trading Forecast: UK Pound

Currency trading with the sterling
The forex trading forecast for the UK pound requires that one look at the economic data coming in. Right now, it appears that the British economy is slowing down. However, inflation remains a concern, so the Bank of England is reluctant to cut interest rates.

With this combination, it is difficult to see exactly where currency trading will go with regard to the sterling. The UK pound continues rangebound against the US dollar in forex trading, and down against the euro.
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PermalinkCurrency Trading with the Sterling
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Topic Tags:  currency trading sterling, economic data, forex forecast UK pound, forex trading euro, forex trading forecast, UK pound forex trading, US dollar forex trading
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