Excerpt from:  GFT Analysts in the News
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August 22, 2008

Sterling Still Struggling in Currency Trading

U.K. pound losing in forex trading
The sterling continues to struggle in currency trading on the FX market. With an economy heading toward recession, and inflation still a concern, the U.K. pound is extending its losses to the U.S. dollar and the euro in forex trading.

And while many do not take the idea of a BOE rate cut seriously for the immediate future, there is talk of a necessary cut by November, as long as things continue in this track.




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Topic Tags:  currency trading, currency trading FX market, ECB rate, euro forex trading, forex trading, sterling currency trading, U.K. pound forex trading

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