210450 Resource 119247 120646 120646 1217855380146 1217855380146 Controlled Forex Trading Strategy: UK Pound

Recession looms in Britain

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">The forex trading strategy for the UK pound should take into consideration the fact that the currency is struggling as recession looms in Britain.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">Consumers are stretched even thinner in the UK than in the US, reports </span><a href="http://www.forbes.com/markets/2008/07/29/pound-dollar-sterling-markets-currencies-cx_po_0729markets18.html" target="_blank" title="sterling currency trading, forex trading UK pound, forex trading strategy, strategy UK pound, recession, recession Britain, consumers" style="font-family: verdana,arial,helvetica,sans-serif;">Forbes</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-family: verdana,arial,helvetica,sans-serif;"><font size="2"><span class="lingo_region" id="lingo_span"><span style="font-style: italic;">Britain's consumer debt is the highest ever recorded by a Group of Seven nation, the country's Office of </span><a rel="nofollow" href="http://www.forbes.com/markets/feeds/afx/2008/04/28/afx4939897.html?partner=lingospot" style="border-bottom: 1px dotted; color: rgb(0, 51, 153); text-decoration: none; cursor: pointer; display: inline; font-size: 13px; font-weight: 400; font-style: italic;">National Statistics</a><span style="font-style: italic;"> said in June--more so than in Germany and France, the U.K.'s economic growth has been driven by consumers.</span><br /></span></font></div><font size="2"><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">Adding to the worries about the sterling in currency trading are economic data, such as the </span><a href="http://www.bloomberg.com/apps/news?pid=20601083&sid=aZTGQ4VKbtkU&refer=currency" target="_blank" title="sterling currency trading, forex trading UK pound, forex trading strategy, strategy UK pound, recession, recession Britain, consumers" style="font-family: verdana,arial,helvetica,sans-serif;">construction index</a><span style="font-family: verdana,arial,helvetica,sans-serif;">, which point to a faltering economy.</span></font><span class="lingo_region" id="lingo_span"></span><br /><span class="lingo_region" id="lingo_span"></span> 9 application/xml false consumers forex trading strategy forex trading UK pound recession recession Britain sterling currency trading strategy UK pound Currency trading on the FX market http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; Intel Mac OS X; en-US; rv:1.8.1.16) Gecko/20080702 Firefox/2.0.0.16 127.0.0.1 127.0.0.1 mmarquit 66.182.71.18 false true false false true 119247 blog blogsite/GFTForex/web