Excerpt from: Forex Analysis
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| December 03, 2008 | | Sterling falters in forex trading | One of the big reasons that the sterling continues to falter in forex trading is due to consumer confidence. The British economy seems to be in a downward spiral, and consumer confidence only makes the problem worse. Two of the issues affecting consumer confidence in Britain include:
- Rising unemployment
- Tighter credit
Consumers are both unwilling and unable to spend, and that is forcing the British economy into recession. As a result, the U.K. pound is finding little in the way of support in currency trading.
| Topic Tags: British economy, consumer confidence, credit, currency trading, forex trading, sterling forex trading, U.K. pound currency trading, unemployment | |
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