U.K. Pound in Forex Tradin

235371 Resource 128460 120646 120646 1245933285864 1245933285864 Controlled Mervyn King Sends Sterling Lower in Currency Trading

U.K. pound falls on King comments about the British economy

Bank of England governor Mervyn King when before Parliament yesterday to testify about the state of the British economy. <a href="http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/the-pound-falls-against-the-dollar-and-the-euro-after-king%27s-comments-2009062590298/" target="_blank" title="Mervyn King, currency trading, sterling currency trading, FX market, British economy, U.K. pound, forex trading, economic stimulus">His remarks sent the sterling lower in currency trading</a>, where it is languishing against both the <a href="item/235370" target="_blank" title="Mervyn King, currency trading, sterling currency trading, FX market, British economy, U.K. pound, forex trading, economic stimulus">U.S. dollar</a> and the euro. King said that the British economy would probably recover slowly. Indeed, he said that the had major concerns about whether the economy could recovery quickly at all. He also spoke in favor of keeping economic stimulus measures in place, warning that withdrawing them too early could have devastating effects.  With concerns about mounting national debt in Britain, coupled with the expectation of a slow economic recovery, it is little surprise that the sterling is moving lower in currency trading on the FX market. 9 application/xml false British economy currency trading economic stimulus forex trading FX market Mervyn King sterling currency trading U.K. pound U.K. Pound in Forex Tradin Currency trading on the FX market http://www.fx360.com/?aid=5704 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.11) Gecko/2009060214 Firefox/3.0.11 GTB5 127.0.0.1 127.0.0.1 mmarquit 63.248.48.57 false true false false true 128460 blog blogsite/GFTForex/web