Disclaimer: Forex trading involves high risks, with the potential for substantial losses and is not suitable for all persons. The views expressed in this blogsite are those of the author(s) and do not necessarily reflect the official policy, position, or opinions of Global Forex Trading. Excerpt from: Forex Strategies
|  | | August 04, 2008 | | Recession looms in Britain | The forex trading strategy for the UK pound should take into consideration the fact that the currency is struggling as recession looms in Britain.
Consumers are stretched even thinner in the UK than in the US, reports Forbes:
Britain's consumer debt is the highest ever recorded by a Group of Seven nation, the country's Office of National Statistics said in June--more so than in Germany and France, the U.K.'s economic growth has been driven by consumers.
Adding to the worries about the sterling in currency trading are economic data, such as the construction index, which point to a faltering economy.
| Topic Tags: consumers, forex trading strategy, forex trading UK pound, recession, recession Britain, sterling currency trading, strategy UK pound | |
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