181292 Resource 119244 120646 120646 1188390298687 1188390298687 Controlled Sterling Recovering in Currency Trading

U.K. pound moves back up in forex trading

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">The sterling is back on the road to recovery, at least for now, in currency trading on the FX market. The U.K. pound is rising in forex trading for the first time in three days, mainly on the speculation that the Bank of England has one more interest rate boost planned before the end of the year. </span><a href="http://www.bloomberg.com/apps/news?pid=20601083&sid=a67DGrgsYoio&refer=currency" target="_blank" title="sterling currency trading, FX market, U.K. pound, U.K. pound forex trading, Bank of England interest rate, interest rate boost, currency trading FX market" style="font-family: verdana,arial,helvetica,sans-serif;">Bloomberg reports on the sterling in currency trading</a><span style="font-family: verdana,arial,helvetica,sans-serif;">:</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /></font><div style="margin-left: 40px; font-style: italic; font-family: verdana,arial,helvetica,sans-serif;"><font size="2"> ``The spread will move in favor of sterling because we are likely to see the Fed cutting rates while the Bank of England is at least on hold,'' said Niels From, a currency strategist in Frankfurt at Dresdner Kleinwort. ``The risk is on the upside'' for the pound against the dollar.</font></div> 9 application/xml false Bank of England interest rate currency trading FX market FX market interest rate boost sterling currency trading U.K. pound U.K. pound forex trading Currency trading on the FX market http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; PPC Mac OS X Mach-O; en-US; rv:1.8.1.6) Gecko/20070725 Firefox/2.0.0.6 127.0.0.1 127.0.0.1 mmarquit false true false false true 119244 blog blogsite/GFTForex/web