More on the U.K. Pound and Inflation

214368 Resource 119232 120646 120646 1223983851891 1223983851891 Controlled Inflation Helps U.K. Pound in Forex Trading

Sterling on the currency market

The U.K. pound is advancing in forex trading this morning, thanks to the latest inflation numbers. Although the sterling was slow to get moving on the currency market, it is now making some substantial gains. However, as is usually the issue with the U.K. pound in FX trading, the question remains as to how long any gains can be sustained. The British economy continues to slow, and that is likely to outweigh inflation concerns. This means that the sterling should be dropping again on the currency market relatively soon. Bloomberg reports on the <a href="http://www.bloomberg.com/apps/news?pid=20601083&sid=auc8ywJ4xFIc&refer=currency" target="_blank" title="euro forex trading, forex trading, U.K. pound forex trading, currency market, sterling currency market, FX trading, pound FX trading">latest moves by the U.K. pound against the U.S. dollar and the euro in forex trading</a>: <div style="margin-left: 40px;">The pound advanced to 77.99 pence per euro as of 9:47 a.m. in London, rising for a third day, from 78.31 yesterday. Against the dollar, the U.K. currency climbed to $1.7500 from $1.7341. </div> 9 application/xml false currency market euro forex trading forex trading FX trading pound FX trading sterling currency market U.K. pound forex trading More on the U.K. Pound and Inflation Inflation in the British economy http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/u.k.-inflation-jumps-higher,-gbpusd-fails-to-react-2008101464207/ U.K. Pound in Forex Trading FX trading on the currency market http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.3) Gecko/2008092414 Firefox/3.0.3 127.0.0.1 127.0.0.1 mmarquit 66.182.71.19 false true false false true 119232 blog blogsite/GFTForex/web