154881 Resource 119247 120646 120646 1168265606826 1168265606826 Controlled Forex Trading Strategy: Great Britain Pound News U.K. pound likely to gain against euro in currency trading Buying the U.K. pound against the euro as a forex trading could pay off, as <a href="http://www.bloomberg.com/apps/news?pid=20601083&sid=aUaPe19c45I4&refer=currency" target="_blank" title="Great Britain pound news, U.K. pound, currency trading, forex trading, forex trading strategy, Bank of England, forex traders">Great Britain pound news favors a Bank of England rate hike</a>. The sterling offers a strong currency to forex traders, Bloomberg reports:<br /><br /><div style="margin-left: 40px;"><p style="font-style: italic;">he pound may gain against the euro on speculation the Bank of England will raise interest rates on evidence of lingering house-price inflation. </p> <p style="font-style: italic;"> The U.K. currency rose versus the euro last week after reports showed house-price inflation at an 18-month peak, mortgage approvals at the highest in three years, and service industry growth at the fastest in a decade. Interest-rate futures trading shows investors last week raised bets the central bank would raise rates in the first quarter. </p> <p><span style="font-style: italic;"> ``Sterling still has a lot of the attractions that drove it last year,'' said Simon Derrick, chief currency strategist at the Bank of New York in London. ``It presents an alternative to the reserve managers looking to diversify and still presents strong yields.''</span> </p></div> 9 application/xml false Bank of England currency trading forex traders forex trading forex trading strategy Great Britain pound news U.K. pound Trade the U.K. Pound in Currency Trading Forex trading strategy and Great Britain pound news http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; PPC Mac OS X Mach-O; en-US; rv:1.8.0.9) Gecko/20061206 Firefox/1.5.0.9 127.0.0.1 127.0.0.1 mmarquit false true false false true 119247 blog blogsite/GFTForex/web