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