195043 Resource 119244 120646 120646 1200663439446 1200663332508 Controlled U.K. Pound Down in Currency Trading

Forex trading with the sterling

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">The U.K. pound is down in currency trading on the FX market after days of gains overall. U.K. retail sales data prompted the decline in forex trading with the sterling. Economic data coming out of Britain continues to show a slowing economy. </span><a style="font-family: verdana,arial,helvetica,sans-serif;" title="U.K. pound currency trading, currency trading, forex trading sterling, forex trading, FX market, U.K. retail sales, economic data" target="_blank" href="http://www.bloomberg.com/apps/news?pid=20601083&sid=aA17etofInz0&refer=currency">Bloomberg reports on the U.K. pound 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 problem with the pound is the bigger picture, which is deteriorating,'' said Simon Derrick, London-based head of global strategy at Bank of New York Mellon Corp., who is more bearish on the pound than 36 analysts in a Bloomberg survey. ``Factors that have supported the currency such as interest rates and carry trades seem to be dissipating.''</font></div> 9 application/xml false currency trading economic data forex trading forex trading sterling FX market U.K. pound currency trading U.K. retail sales Currency trading on the FX market http://www.gftforex.com/land/index.asp?aid=446 U.K. retail sales data prompted the decline in forex trading with the sterling. Mozilla/5.0 (Macintosh; U; PPC Mac OS X Mach-O; en-US; rv:1.8.1.11) Gecko/20071127 Firefox/2.0.0.11 127.0.0.1 127.0.0.1 mmarquit 66.182.71.18 false true false false true 119244 blog blogsite/GFTForex/web