210504 Resource 119241 120646 120646 1217944667313 1217944667313 Controlled Forex Trading Forecast: UK Pound

Sterling in currency trading

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">The forex trading forecast for the UK pound is one that looks bleak -- and one that is dominated by expectations of slowing economic growth. </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;">Industries are contracting in Britain, and this is affecting the <a href="item/210450" target="_blank" title="forex trading UK pound, forex trading forecast, pound FX trading, yen FX trading, sterling currency trading, currency trading FX market, yen carry trade">sterling in currency trading</a> on the FX market. The pound is dropping especially against the yen in FX trading as the carry trade continues to unwind.</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;">One of the main factors in the sterling's decline is an expectation that, at some point, the BOE will have to cut interest rates. </span><a href="http://www.bloomberg.com/apps/news?pid=20601083&sid=aeAheKrbmsbY&refer=currency" target="_blank" title="forex trading UK pound, forex trading forecast, pound FX trading, yen FX trading, sterling currency trading, currency trading FX market, yen carry trade" style="font-family: verdana,arial,helvetica,sans-serif;">Bloomberg reports on the forex trading forecast for the UK pound, in terms of interest rates</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">``Sterling is the last man standing,'' said <a onmouseover="function onmouseover(event) { return escape(popwSearchNews(this)); }" href="http://search.bloomberg.com/search?q=Paul+Robson&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1">Paul Robson</a>, a London-based currency strategist at the Royal Bank of Scotland Group Plc. ``With other central banks already cutting rates, people are going to think the Bank of England is next.''</font></div> 9 application/xml false currency trading FX market forex trading forecast forex trading UK pound pound FX trading sterling currency trading yen carry trade yen FX trading 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 119241 blog blogsite/GFTForex/web