Excerpt from: Forex Commentary
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| April 28, 2010 | | Forex trading with GBP/USD | The sterling can't seem to get ahead in currency trading on the FX market. Even though the FTSE 100 is doing well right now, the pound remains down in forex trading. Indeed, the euro is doing better, in spite of continued concerns over euro zone members' debts.
And, debt and political concerns are weighing on the sterling besides, reports Boris Schlossberg in FX360:
Meanwhile fears over a hung Parliament continue to dog sterling with the
pair tumbling below 1.5200 in London morning trade. A report in the UK
Telegraph suggested that it may take 10 days to seat a government in
case of split vote and that idea appears to be rattling traders in the
City as concerns mount that political turmoil could create a vacuum of
leadership as UK struggles with fiscal problems of its own.
| Topic Tags: Boris Schlossberg, currency trading, euro, euro zone, forex trading, GBP/USD, sterling, U.S. dollar | |
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