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Excerpt from:  Forex News
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January 12, 2009

Sterling Pulls Back in Currency Trading

U.K. pound eases on the FX market
The sterling is pulling back in currency trading on the FX market as things slow down a bit. The U.K. pound is falling against the euro today as economic output data is reported, showing the steepest decline since 1980.

Sterling is not only struggling against the euro today. The U.S. dollar is seeing a bit of a bounce against the U.K. pound in forex trading as well.

Britain's economy appears to be in a freefall right now, although the pound did have some success last week on the FX market on the hopes that government policy may provide some economic stimulus.
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Topic Tags:  currency trading, currency trading FX market, economy, euro forex trading, forex trading, sterling currency trading, U.K. pound, U.S. dollar
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