Sterling and Euro in Forex Trading

210616 Resource 119244 120646 120646 1218109389584 1218109389584 Controlled BOE, ECB Keep Rates On Hold

Sterling falls against euro in forex trading

Both the <a href="http://www.dollardrops.com/dollar/2008/08/07/bank-of-england-leaves-key-interest-rate-unchanged-at-5/" target="_blank" title="US Federal Reserve, sterling forex trading, euro forex trading, forex trading, interest rates, BOE rates, ECB rates, inflation">Bank of England and the European Central Bank are keeping interest rates on hold</a> for now. Despite slowing economies in Britain and in the eurozone, central banks on the other side of the Atlantic remain focused on inflation. The move continues a delicate dance (similar to the one done by the <a href="http://www.darithdeng.com/?p=3226" target="_blank" title="US Federal Reserve, sterling forex trading, euro forex trading, forex trading, interest rates, BOE rates, ECB rates, inflation">Federal Reserve</a> in the US) in which central bank officials try to balance the opposing forces of economic slowdown with increased inflation. The hope is that by keeping interest rates the same, inflation will peter out in the coming months, while the economy is not hurt too much. Cutting interest rates often fuels inflation along with economic growth. Boosting interest rates is a way to limit inflation. When an economic slowdown is combined with inflation, it makes what to do with interest rates a difficult decision. 9 application/xml false BOE rates ECB rates euro forex trading forex trading inflation interest rates sterling forex trading US Federal Reserve Sterling and Euro in Forex Trading Foreign currencies 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 119244 blog blogsite/GFTForex/web