» Forex Trading Forecast: UK Pound

Forex Trading Forecast: UK Pound

Currency trading with the sterlingThe forex trading forecast for the UK pound calls for some weakness against both the US dollar and the euro on the currency market.

Currency trading with the sterling should keep in mind that the British economy is facing some tought times, with a slow housing market and problems in the financial sector.

While some analysts feel that the forex trading forecast for the UK pound calls for a significantly lower sterling in the next three months, other analyses insist that true lows won’t be seen until next year.

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This entry was posted on Wednesday, July 9th, 2008 at 15:14 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Forex Trading Forecast: UK Pound

Sterling under pressure in currency tradingThe forex trading forecast for the UK pound remains somewhat bleak. Even though the sterling reversed its losses against the euro in currency trading, it is still dropping against the US dollar in FX trading.

Mostly, this is due to the fact that the services sector is in decline across Britain. Britain’s economy is based, in large part, on the services sector. As this vital sector declines, it is likely to affect the forex trading forecast for the UK pound.

Also putting the sterling under pressure in currency trading is the continued trouble in the housing and banking sectors.

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This entry was posted on Thursday, July 3rd, 2008 at 15:37 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Forex Trading Forecast: UK Pound

Currency trading with the sterlingThe forex trading forecast for the UK pound is looking somewhat grim right now. In currency trading, the sterling is dropping rather dramatically. Indeed, the UK pound is faltering a great deal in FX trading right now.

Much of the trouble can be laid at a coming increase in bank problems related to the credit market crisis. The news related to Bradford & Bingley has come as a blow, and there are worries that other banks will have similar problems.

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This entry was posted on Tuesday, June 3rd, 2008 at 14:28 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Forex Trading Forecast: UK Pound

Currency trading with the sterlingCurrency trading with the sterling should consider that the British economy is seeing some serious slowdown right now. The British housing market is having serious problems, as the subprime mortgage crash continues to affect things across the Atlantic.

Bloomberg reports on the forex trading forecast for the UK pound:

“The grim house-price survey is going to be quite negative for the pound,” said Ian Stannard, a senior currency strategist in London at BNP Paribas SA, France’s biggest bank. “Falling house prices will hurt consumption and the U.K. economy. I see little support for the pound.”

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This entry was posted on Thursday, May 29th, 2008 at 14:51 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Forex Trading Forecast: UK Pound

Currency trading with the sterlingThe forex trading forecast for the UK pound requires that one look at the economic data coming in. Right now, it appears that the British economy is slowing down. However, inflation remains a concern, so the Bank of England is reluctant to cut interest rates.

With this combination, it is difficult to see exactly where currency trading will go with regard to the sterling. The UK pound continues rangebound against the US dollar in forex trading, and down against the euro.

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This entry was posted on Thursday, May 15th, 2008 at 14:10 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Forex Trading Forecast: UK Pound

Sterling drops in currency tradingThe forex trading forecast for the UK pound is one that is likely to mean weakness in the coming weeks. The sterling is dropping in currency trading as the economy slows down.

After keeping rates on hold yesterday, speculation is rife over when the BOE will have to start cutting interest rates. Bloomberg reports on the UK economy, and the UK pound in forex trading:

“There’s still some pessimism regarding the U.K. economy,” said Carsten Fritsch, a currency strategist in Frankfurt at Commerzbank AG, Germany’s second-largest lender. “There are more rate cuts to come and that should keep the pound on the back foot.”

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This entry was posted on Friday, May 9th, 2008 at 14:25 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Forex Trading Forecast: U.K. Pound

Sterling in currency tradingThe forex trading forecast for the U.K. pound is calling for continued weakness. Sterling in currency trading is coming under pressure as the economy slows and housing prices fall. While the BOE has avoided rate cuts so far, this is unlikely to continue. Bloomberg reports on the forex trading forecast for the U.K. pound:

“The pound is going to continue to come under pressure,” said Peter Rosenstreich, the chief analyst at Advance Currency Markets in Geneva. “Everything that comes out of the U.K. is slanted to the downside, meaning that we’ll have to start seeing some very aggressive rate cuts. The BOE will have to go lower and faster.”

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This entry was posted on Wednesday, January 23rd, 2008 at 14:18 and is filed under GFT Forex. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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