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Excerpt from:  GFT Analysts in the News
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June 19, 2008

Retail Sales Help UK Pound in Currency Trading

Sterling gains in forex trading on the currency market
The UK pound is gaining in currency trading on the FX market this morning. Retail sales data has come in quite strong, and this is helping the sterling in forex trading on the currency market.

Indeed, the UK pound is getting this FX trading boost in large part thanks to the complete surpise of the data. Retail sales data was not expected to come in very strong, given the slowing nature of the UK economy.

However, due to rising inflation and a slowing economy, it is uncertain how long this bump to the sterling in forex trading will last.
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PermalinkSterling in Forex Trading
.Currency trading on the FX market
.http://www.gftforex.com/land/index.asp?aid=446
Topic Tags:  currency trading FX market, forex trading currency market, FX trading, retail sales data, sterling forex trading, UK pound currency trading, UK pound FX trading
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