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Excerpt from:  GFT Analysts in the News
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November 14, 2008

U.K. Pound Pares Some of Its Losses in Currency Trading

Sterling recovers slightly against euro in forex trading
The U.K. pound is paring some of its losses in currency trading on the FX market today. The sterling is recovering slightly against the euro in forex trading, as it is apparent that crash of the pound might have been a little excessive.

However, there is little to support sterling in forex trading, since the economic news continues to be bleak, and it is unclear whether the Bank of England managed to cut rates in time to avert disaster.
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.http://www.gftforex.com/land/index.asp?aid=446
Topic Tags:  Bank of England, crash pound, currency trading, currency trading FX market, euro forex trading, forex trading, sterling forex trading, U.K. pound currency trading
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