Excerpt from:  GFT News
.
July 01, 2008

UK Pound Moves Above $2 in Forex Trading Against the US Dollar

Sterling gains in currency trading
For the first time in more than two months, the UK pound has moved above $2 in forex trading against the US dollar. Inflation expectations are helping the sterling in currency trading on the FX market, even though the MPC is loathe to raise interest rates.

The UK pound is also gaining against the euro in forex trading this morning, showing strength it hasn't had for quite some time.

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Topic Tags:  currency trading, currency trading FX market, forex trading, inflation, sterling currency trading, UK pound forex trading, US dollar

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