Excerpt from:  Forex Analysis
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March 12, 2010

Sterling Strengthens in Currency Trading

Pound heads higher in forex trading

The sterling is strengthening in currency trading on the FX market today. Indeed, the pound is heading higher in forex trading as risk appetite makes an appearance.

The pound has moved through the 1.51 level, and is looking for support on the FX market. Help is coming from the fact that the euro is higher in forex trading, and U.S. retail sales are showing improvement. These are leading forex traders are looking for higher returns as they gain a little confidence.

There are still concerns about U.K. debt, but worries about sovereign debt in general are subsiding a bit since concerns over Greece are abating.

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Topic Tags:  currency trading, forex trading, FX market, pound forex trading, retail sales, risk appetite, sterling currency trading

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