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Excerpt from:  GFT Analysts in the News
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June 02, 2008

UK Pound Falls in Forex Trading on the Currency Market

Sterling drops in currency trading
UK pound forex trading, forex trading currency market, sterling currency trading, currency trading FX market, forex trading, currency trading, economic slowdown Britain, sterling weakness
The UK pound is struggling in forex trading on the currency market today with profit warnings and worries in the banking sector.

With the economic slowdown making a strong appearance in Britain, the sterling is showing weakness in currency trading on the FX market. MarketWatch reports on the UK pound in forex trading:

The currency was off 1% against the U.S. dollar to $1.9621 in recent action. The euro was 1% higher against sterling, changing hands at 79.21 pence. ...

Meanwhile, signs of further stagnation in the British manufacturing sector and data showing depressed lending market conditions added to pressure on the pound.
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Topic Tags:  currency trading, currency trading FX market, economic slowdown Britain, forex trading, forex trading currency market, sterling currency trading, sterling weakness, UK pound forex trading
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