Forex Trading Forecast: Rate Cuts This Week

Mon, 01 Dec 2008 08:52:26 -0500

Interest rates expected to drop in euro zone, BritainThe forex trading forecast this week calls for interest rate cuts. This week, the European Central Bank and the Bank of England are expected to make interest rate decisions. The general consensus is that both the ECB and the BoE will cut rates.

Up until a couple of months ago, inflation had been seen as too great a concern in both the euro zone and in Britain. Now, though, that worry is mostly over as recession sets in. Rate cuts are expected to be rather dramatic -- as much as 100 basis points in the case of the Bank of England.

Also, the central banks in Australia and New Zealand are expected to ease monetary policy.

U.K. Pound Forex Trading Forecast

Fri, 28 Nov 2008 16:48:45 -0500

Sterling gains against dollar in currency tradingThe U.K. pound forex trading forecast, for the first time in a long time, is looking somewhat positive. Even though the U.S. dollar is advancing against the euro in forex trading, it has been pulling back against the sterling.

In currency trading, the pound is showing some life, thanks to a boost in the equity markets. The U.K. pound forex trading forecast is now showing signs of a possible rally, as well as hope that economic troubles may be starting to slow.

Forex Forecast | GFT Forex

Forex Trading Forecast: Rate Cuts This Week

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U.K. Pound Forex Trading Forecast

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