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UK Pound Forex Trading Strategy

Sterling continues to flounder in currency tradingUK pound forex trading strategy should consider that continued economic troubles are weighing on the currency. The sterling continues to struggle in currency trading on the FX market.

One of the biggest issues is the deepening housing slump across Britain. Additionally, new found dollar strength is starting to sap the gains made by the UK pound in forex trading in the past couple of years.

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This entry was posted on Tuesday, August 12th, 2008 at 20:11 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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UK Pound Forex Trading Strategy

Sterling continues to drop in currency tradingUK pound forex trading strategy should consider that the currency is falling rather dramatically to the US dollar right now on the FX market.

The sterling is dropping in currency trading as increasingly disastrous economic data continues to roll in. Housing data has been especially damaging to the British economy in the past months. Bloomberg reports on the future for the UK pound in FX trading:

“It looks like the U.K. economic picture is going to deteriorate further and we are going to see sterling come under increasing pressure,” said Ian Stannard, a senior currency strategist at BNP Paribas SA in London, who predicts the pound will fall to $1.85 by the end of the year.

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This entry was posted on Friday, August 8th, 2008 at 14:56 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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UK Pound Forex Trading Strategy

Sterling down in currency tradingThe UK pound forex trading strategy should consider that Britain now faces a very real risk of recession. The economy has been slowing for some time, and inflation has been a problem. This information is espcially important to remember in terms of the sterling in currency trading.

When an economy slows — and especially if it enters a recession — it causes problems for the currency. This is because a growing economy supports a currency. With Britain facing a possible recession, it is an indication that the UK pound may not fare so well in forex trading.

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This entry was posted on Tuesday, July 8th, 2008 at 15:17 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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UK Pound Forex Trading Strategy

Housing market problems continue to affect sterling in currency tradingThe UK pound is down in forex trading on the currency market this morning against the euro. British housing market problems continue, and this affecting the sterling in currency trading against the euro. Bloomberg reports on the effects of the housing market problems:

“The housing market is driving things at the moment,” said Elisabeth Afseth, a fixed-income analyst in London at Evolution Securities Ltd. “I expect the Bank of England to keep cutting interest rates” this year.

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This entry was posted on Monday, April 28th, 2008 at 14:42 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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UK Pound Forex Trading Strategy

Sterling on the rise again in currency tradingUK pound forex trading strategy should consider that the currency is making a recovery. Sterling is gaining in currency trading as economic data improves and inflation picks up. The expectation is that the UK pound has been oversold in forex trading, and that the Bank of England will slow its interest rate cuts. Bloomberg reports on sterling in currency trading:

The pound rose the most against the euro in two months, paring a weekly decline, after a government report showed sales at U.K. stores unexpectedly grew last month, and as investors judged yesterday’s drop was exaggerated.

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This entry was posted on Friday, March 21st, 2008 at 13:32 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.

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U.K. Pound Forex Trading Strategy

Sterling expected to continue to fallThe carry trade with the U.K. pound and the Swiss franc is unwinding as the sterling loses ground in currency trading on the FX market. U.K. pound forex trading strategy should consider that the economy is floundering and this will affect interest rates, leading to more drops for the sterling in currency trading. Bloomberg reports on the U.S. pound in forex trading:

“Headlines out of the U.K. are mostly negative and that’s likely to keep the pound under pressure,” said Ian Stannard, a senior currency strategist at BNP Paribas SA in London. “The pound is leading carry trades lower.”

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This entry was posted on Monday, January 14th, 2008 at 14:16 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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U.K. Pound Forex Trading Strategy

Looking to tomorrow’s economic dataA great deal of British economic data is expected tomorrow, and that could help you with U.K. pound forex trading strategy. The economy is slowing in Britain, and numbers showing how much will be important to the U.K. pound in currency trading. Forbes reports on British economic data:

Ahead of that, tomorrow’s snapshot of the retail sector from the British Retail Consortium will come into focus as it will show spending patterns in the crucial year-end sales season. A weak figure will shorten the odds of a UK rate cut Thursday and weigh on the dollar.

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Source : GFT Forex

This entry was posted on Wednesday, January 9th, 2008 at 14:00 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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