Excerpt from:  Forex Analysis
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July 16, 2010

U.K. Pound Drops in Currency Trading

Sterling can't find strength in forex trading

The U.K. pound moving lower against the U.S. dollar in currency trading on the FX market today. The pound is in retreat, even though the U.S. dollar is lower against the euro in forex trading.

Indeed the Aussie is down against the dollar as well, as some caution remains in forex trading.

Sterling is moving lower off recent highs against the U.S. dollar in forex trading. It will be interesting to see how things proceed from here, and whether or not the sterling can regain the upper hand.

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Topic Tags:  currency trading, euro, forex trading, FX market, sterling forex trading, U.K. pound, U.S. dollar

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