Sterling Cant Get Ahead in Currency Trading

April 28, 2010

Forex trading with GBP/USD

The sterling can’t seem to get ahead in currency trading on the FX market. Even though the FTSE 100 is doing well right now, the pound remains down in forex trading. Indeed, the euro is doing better, in spite of continued concerns over euro zone members’ debts.

And, debt and political concerns are weighing on the sterling besides, reports Boris Schlossberg in FX360:

Meanwhile fears over a hung Parliament continue to dog sterling with the pair tumbling below 1.5200 in London morning trade. A report in the UK Telegraph

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