Excerpt from: Forex Analysis
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| March 03, 2010 | | Sterling sees some gains in forex trading | After weeks of being pummeled by the U.S. dollar, the U.K. pound is finally heading higher in currency trading on the FX market. Sterling is not that much higher in forex trading, but it is consolidating right now.
There are hopes that things might improve for the U.K. pound, but concerns remains. The sterling did get a bit of a boost from the latest developments regarding Greece, but there are plenty of pitfalls left.
Indeed, now the concern is for a hung parliament, which could shake some of the returning confidence in the British economy. And, of course, there is still the matter of large amounts of British public debt.
| Topic Tags: currency trading, forex trading, FX market, Greece, hung parliament, U.K. pound, U.S. dollar | |
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