Excerpt from: Forex Commentary
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| March 23, 2010 | | Sterling in forex trading | The pound slipped below 1.5000 in currency trading on the FX market earlier in trading. The move was not much of a surprise, with the news that inflation is cooling in Britain, giving rise to the assumption that quantitative easing will continue for a while.
Other pressures on the U.K. pound in currency trading include the fact that Greece remains a sore spot in the European Union. While Britain is not part of the monetary union, it is still affected by what happens in the euro zone.
The U.S. dollar continues to hold its own. The health care reform bill is unlikely to damage the U.S. dollar, since it means an overall reduction in deficit, and a degree of reining in spending on Medicare.
| Topic Tags: currency trading, forex trading, FX market, health care reform, pound currency trading, sterling forex trading, U.S. dollar | |
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