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Excerpt from:  Forex
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August 06, 2008

UK Pound Continues to Fall in FX Trading

Currency trading with the sterling
The UK pound continues its fall today in FX trading on the currency market. Currency trading with the sterling should consider that the British economy is slowing down at a rapid pace as overstretched consumers become a very real issue.

Some predictions are that the UK pound could fall below $1.93 in FX trading in the coming weeks, setting the sterling up for a "very hard landing" according to Bloomberg.

Topic Tags:  British economy, currency market, currency trading, currency trading sterling, FX trading, FX trading currency market, UK pound FX trading

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