UK pound mixed in forex trading The big news today is that Britain has rejected the latest EU fiscal rules — and the fact that the Union would be able to tinker with budgets not up to scratch. This rule would be in effect for all EU countries, not just those in the eurozone. David [...]
UK pound lower in forex trading The sovereign debt crisis in Europe continues to color almost everything going on with financial markets around the world. As a result, it isn’t very surprising that Britain is taking measures to improve liquidity. The Bank of England just announced the creation of a sterling liquidity facility, meant to [...]
Sterling showing strength in forex trading Happy Thanksgiving! Even though the stock market is closed here in the US, the forex market remains open. As a result, there is still plenty going on right now, especially with the situation in the eurozone. Indeed, some speculate that the Great Britain pound might be the next European [...]
Sterling falls in forex trading Today, employment data was released in Britain, showing continued deterioration in the situation. The sterling is falling in forex trading as a result, and concerns continue that Britain will be very slow to recovery from the global financial crisis. GFT’s Boris Schlossberg reports in FX360 on the labor conditions in [...]