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Excerpt from:  GFT Analysts in the News
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September 03, 2008

Pressure Remains on U.K. Pound in Forex Trading

Sterling continues its struggles on FX market
Pressure remains on the U.K. pound in forex trading on the currency market today. Even with measures announced to help the ailing housing market, though, relief is far off as the sterling continues to struggle on the FX market.

The Bank of England's Monetary Policy Committee meets tomorrow to discuss a rate cut, but some feel that the MPC may hold off -- if possible -- for another month. Inflation fears are still holding rate cuts at bay, even though some think that a rate cut would help stimulate the economy.
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PermalinkSterling on the FX Market
.Forex trading on the currency market
.http://www.gftforex.com/land/index.asp?aid=446
Topic Tags:  Bank of England, British rate cut, forex trading, forex trading currency market, sterling FX market, U.K. pound forex trading
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