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Excerpt from:  GFT Analysts in the News
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June 23, 2008

UK Pound Drops in Currency Trading

Sterling falls in forex trading on the currency market

The UK pound is dropping in currency trading on the FX market as officials back away from aggressively raising interest rates, even though inflation is above the target rate.

Additionally, the sterling is having trouble in forex trading on the currency market as falling home values renew fears that the economy is slowing down. With a slowing economy and inflation, stagflation could come into effect and have a negative effect on the UK pound in FX trading.

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PermalinkUK Pound FX 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, stagflation, sterling forex trading, UK pound currency trading, UK pound FX trading
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