Excerpt from: GFT Analysts in the News
|
 |
| January 06, 2009 | | Sterling expected to recover faster in currency trading | Recently, the U.K. pound has been taking a beating at the hands of the U.S. dollar and the euro in forex trading. However, things are changing -- at least in terms of sterling currency trading performance against the euro.
Right now, the big worry for the euro zone is deflation. As a result, euro weakness in forex trading is becoming more pronounced. It is this weakness that is prompting many to speculate that the British economy will recover before the euro zone economy.
This belief that the British economy will soon recover is spurring gains by the sterling in currency trading, and sending the euro lower.
| Topic Tags: British economy, currency trading, deflation, euro forex trading, euro zone, forex trading, recession, sterling currency trading, U.K. pound | |
|
|
