Excerpt from:  GFT News
.
January 02, 2009

U.K. Pound Volatile in Currency Trading as 2009 Opens

Sterling swings wildly against euro in forex trading
The U.K. pound is showing some very odd volatility in currency trading on the FX market as 2009 begins. Indeed, sterling is moving erratically against the euro in forex trading today.

Liquidity is limited though, and trading confused as Friday is isolated. After all, yesterday was a holiday and the weekend is eminent. There is very little of note to do today in currency trading.

However, things are still looking bad for the U.K. pound in currency trading for the coming year. The British economy is still in trouble, with deflation a big concern. So, even though today's volatility against the euro in forex trading may give some hope, the fundamentals point to a dismal 2009.

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Topic Tags:  currency trading, currency trading FX market, euro forex trading, forex trading, U.K. pound currency trading

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