» Forex Trading Strategy: UK Pound

Forex Trading Strategy: UK Pound

Currency trading with the sterlingForex trading strategy should consider that the UK pound is having some struggles right now. Short term, it might be a good idea to short.

In the long term, though, suggests FX Street,  currency trading with the sterling may see some success with small longs.

See Also

Source :

This entry was posted on Wednesday, June 25th, 2008 at 14:58 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.

Leave a Reply

Forex Trading Strategy: UK Pound

Inflation helps sterling in currency tradingForex trading strategy should consider that the UK pound is on the rise right now on the currency market. With speculation that inflation in the UK is higher than the target, the sterling is gaining in currency trading.

Higher inflation means that many central banks consider raising interest rates to keep a lid on rising prices. This, in turn, often means a stronger currency.

The UK economy has been floundering recently, thanks to the housing market crisis and other factors. This has been weighing on the sterling in currency trading. But now, there is speculation that in forex trading, the UK pound could see some help soon.

See Also

Source :

This entry was posted on Monday, June 16th, 2008 at 14:32 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.

Leave a Reply

Forex Trading Strategy: UK Pound

Sterling gains in currency tradingThe sterling is gaining strength in currency trading today on the FX market. Forex trading strategy should consider that the gain is thanks to the recent positive PPI data coming out of Britain.

Additionally, some are beginning to think that the BOE won’t have to cut interest rates as quickly as expected when the decision to keep them steady was made last week. Bloomberg reports on the sterling in currency trading:

“The pound’s gone up as a result of reduced expectations of rate cuts going forward,” said Adrian Schmidt, a senior foreign- exchange strategist at Royal Bank of Scotland Group Plc in London. “Producer-price inflation came in a bit higher and the real issue is how weak the economy is going to be and how high inflation is.”

See Also

Source :

This entry was posted on Monday, May 12th, 2008 at 14:49 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.

Leave a Reply

Forex Trading Strategy: UK Pound

Sterling in currency trading on the FX marketForex trading strategy with the UK pound should consider that many think that the worst of the economic troubles are over. Even as the euro/dollar currency pair steadies, the sterling is gaining against both in currency trading.

The UK pound appears to be heading toward a weekly gain against the euro — its third in a row. And the sterling is benefitting as a high yielder in the carry trade in currency trading.

See Also

Source :

This entry was posted on Friday, May 2nd, 2008 at 14:53 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.

Leave a Reply

Forex Trading Strategy: UK Pound

Sterling falls against euro in currency tradingForex trading strategy for the UK pound should consider that it is likely to continue to weaken against the euro in currency trading. Sterling is struggling as the credit market crisis spreads to the UK economy.

The Bank of England is being forced to cut interest rates, albeit at a slow rate, while the eurozone remains strong, thanks to inflation. This will help the euro continue its gains over the UK pound in currency trading. Bloomberg reports on forex trading with the UK pound:

“These data further support our view that the Bank of England will be cutting interest rates,” said Paul Robson, a currency strategist in London at Royal Bank of Scotland Group Plc, one of the 10 biggest currency traders. “Sterling will weaken over the months ahead. We’ve been a sterling bear in the past couple of months.”

See Also

Source :

This entry was posted on Tuesday, April 15th, 2008 at 14:03 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.

Leave a Reply

Forex Trading Strategy: UK Pound

Currency trading with the sterlingForex trading strategy for the UK pound should consider the possibility that it will fall further against the US dollar.

In currency trading, the sterling is weakening against the greenback as the UK economy and housing market struggle. Bloomberg reports on where forex trading might take the UK pound:

The currency traded below so-called support at $1.9720 during the previous two trading days, a level it has held above since Feb. 26, signaling it may decline further, wrote Edgeley in a research note yesterday. The next target of about $1.9340 is a previous low set on Jan. 22, Edgeley added. Support is a level where buyers are expected to outweigh sellers.

See Also

Source :

This entry was posted on Thursday, April 10th, 2008 at 14:19 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.

Leave a Reply

Forex Trading Strategy: UK Pound

Sterling expected to weaken in currency tradingWhen formulating forex trading strategy for the UK pound, it is important to note that the currency is struggling right now against the US dollar. Economic growth is slowing, and there are bank worries connected with the subprime lending crash. Bloomberg reports on the sterling in currency trading:

“There’s momentum on the downside for the U.K. economy and that doesn’t bode well for the pound,” said Neil Jones, head of European hedge-fund sales in London at Mizuho Capital Markets. “I sense there’s no need for the BOE to be cautious” on cutting interest rates.

See Also

Source :

This entry was posted on Thursday, April 3rd, 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.

Leave a Reply

Forex News

Economic calendar

[Full Economic calendar]