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Excerpt from:  Forex Analysis
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December 30, 2008

Euro Reaches New High in Forex Trading Against Sterling

U.K. pound continues to struggle in FX trading
The euro has once again reached a new high in forex trading against the sterling. The U.K. pound continues to struggle in FX trading as economic conditions favor the euro zone.

Right now, the euro zone is benefiting from French GDP and from the fact that euro zone retail PMI is improving. While this is good news for the euro in forex trading, sterling has not received such favorable news.

In Britain, news about the economy continues to be negative, showing a great deal of downside risk. As a result, the Bank of England is expected to cut interest rates much more dramatically than the European Central Bank in the coming new year.
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PermalinkMore on Forex Trading with the U.K. Pound
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PermalinkEuro in Forex Trading
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.http://www.gftforex.com/land/index.asp?aid=446
Topic Tags:  economy, euro forex trading, euro zone, forex trading, forex trading sterling, FX trading, interest rates, U.K. pound FX trading
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