218382 Resource 119232 120646 120646 1227015350649 1227015350649 Controlled U.K. Pound Remains Under Pressure in Forex Trading

Sterling pulls back after attempted rally in currency trading

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">The <a href="http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/sterling-still-under-pressure-2008111868781/" target="_blank" title="sterling currency trading, currency trading, forex trading, forex trading currency market, U.K. pound forex trading, currency market, deflation">U.K. pound remains under pressure in forex trading </a>on the currency market today. The sterling attempted a rally against the U.S. dollar in currency trading earlier, but has been falling back.</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 fears now is that inflation is falling, and that deflation could be the next hurdle faced by the British economy. Interest rate cuts are in the works, though, and that should help keep deflation at bay.</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;">Resistance now seems to have formed about the $1.50 level for the U.K. pound in forex trading, and it will be interesting to see how long the sterling can try to push through in currency trading.</span></font><br /> 9 application/xml false currency market currency trading deflation forex trading forex trading currency market sterling currency trading U.K. pound forex trading Forex 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:1.9.0.4) Gecko/2008102920 Firefox/3.0.4 127.0.0.1 127.0.0.1 mmarquit 66.182.71.19 false true false false true 119232 blog blogsite/GFTForex/web