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Excerpt from:  GFT Analysts in the News
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August 18, 2008

UK Pound Finds Some Support in Currency Trading

Sterling finds support against the US dollar in forex trading, before dropping again
UK Pound drops in currency trading on the FX market
The UK pound found a little support in currency trading on the FX market earlier today. With some moves toward a correction, the sterling gained a little against the US dollar in forex trading, as well as paring losses to the euro.

However, with the release of house prices data, the UK pound is again falling in currency trading. The sterling has approached its lowest in nearly two years against the US dollar, and is seeing some losses in forex trading to the euro.

Some believe that this will strengthen the calls for a lower Bank of England interest rate in the near future.
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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:  Bank of England, currency trading, forex trading, forex trading euro, sterling forex trading, UK pound currency trading, US dollar forex trading
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