Excerpt from: Forex Analysis
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| June 07, 2010 | | Sterling gains against the U.S. dollar in forex traing | The U.K. pound is finding some footing in currency trading on the FX market today. Even though BP continues to have problems in the Gulf of Mexico, and even though the U.S. stock market and equities around the world are lower, the sterling is gaining against the U.S. dollar in forex trading.
It appears that there is some hope that the debt situation in Britain will be improved with measures taken by the new governing party in parliament.
However, things could change quickly, with the volatility of the currency market. But, for now, the U.K. pound appears to be enjoying a respite from losses to the dollar -- something the euro has yet to experience.
| Topic Tags: currency market, currency trading, forex trading, FX market, sterling, U.K. pound, U.S. dollar | |
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