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High Beta Currencies Head Higher in Forex Trading
September 1, 2010U.S. dollar down against sterling and euro The U.S. dollar is down against the sterling and the euro in forex trading today. High beta currencies are moving higher as the global economic outlook gets a little boost from the positive manufacturing data out of China. Earlier, sterling moved lower against the U.S. dollar, but it [...]
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Sterling Could Head Lower in Currency Trading
August 3, 2010Forex trading forecast: Is sterling overbought? For now, the sterling is higher in currency trading against the U.S. dollar, gaining on some of the remains of yesterday’s risk appetite. However, things could change rather dramatically. The forex trading forecast suggests that sterling is overbought, and that it is vulnerable to a sell-off in the near [...]
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STERLING CONTINUES TO LOSE GROUND AGAINST THE EURO
July 19, 2010Sterling ended last week on a weaker note with profit taking after recent strong gains against the dollar but also dropping back against the euro, which at last managed to maintain a breach of the stg84p level. News overnight of a 0.6% in Rightmove house prices has had little impact. While there is nothing else [...]
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U.K. Pound Rallies in Forex Trading
July 14, 2010Sterling heads higher in currency trading The U.K. pound is rallying today in forex trading on the currency market. An improving picture in the British economy is helping give the sterling a boost in currency trading. Britain saw a lower claimant count than expected, indicating that the jobs situation could be improving. Indeed, employment for [...]
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Cable Rally Loses Steam in Forex Trading
April 30, 2010Currency trading with sterling Earlier today, cable rallied on the prospect of a possible Tory victory in Britain. The pro-business Tories are favored by some, and considered as likely to get the country back on track. However, the campaign isn’t over yet, and concerns about the sterling remain. As a result, the cable rally has [...]
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U.K. Pound Gains in Currency Trading
April 26, 2010Sterling higher in forex trading After struggling last week, the sterling appears to be gaining the upper hand in forex trading today. Indeed, the announcement by Liberal Democrats that they would be willing to form a coalition government with the Labor Party is providing some support for the U.K. pound in currency trading. Nick Clegg, [...]
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U.K. Pound Plunges on Moodys Downgrade Warning
March 15, 2010Sterling in forex trading Currency trading on the FX market should consider that the sterling is dropping as traders consider the latest warning from Moody’s. The credit rating agency issued warnings that the U.S., U.K., France and Germany could face ratings downgrades soon with regard to their sovereign debt. The countries that are considered most [...]
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Sterling Continues its Downward Spiral in Currency Trading
March 9, 2010U.K. pound can’t remain above 1.50 in forex trading The sterling is continuing its downward spiral in currency trading, after a gallant attempt at gains. However, the British currency just can’t seem to keep above the 1.50 level at this point.
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U.K. Pound Consolidates in Currency Trading
March 3, 2010Sterling sees some gains in forex trading After weeks of being pummeled by the U.S. dollar, the U.K. pound is finally heading higher in currency trading on the FX market. Sterling is not that much higher in forex trading, but it is consolidating right now. There are hopes that things might improve for the U.K. [...]
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U.K. Pound Plunges in Forex Trading
March 1, 2010Sterling sinks through 1.5000 in currency trading The U.K. pound has plunged against the U.S. dollar in forex trading on the currency market. The sterling has sunk through the 1.5000 level in currency trading, heading to lows not seen for years. Indeed, the U.S. dollar is showing unprecedented strength, especially considering the fact that commodities [...]
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Sterling Continues to Fall in Forex Trading
February 26, 2010Currency trading with the U.K. pound The sterling continues to fall in forex trading. Even as the U.S. dollar weakens against the euro and the Japanese yen in currency trading, the U.K. pound continues to struggle. With economic divergence high on everyone’s mind, the sterling can’t seem to get a break. Concerns about mounting U.K. [...]
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Sterling Pulls Back in Currency Trading
February 3, 2010U.K. pound pares gains in forex trading The sterling is pulling back in currency trading after reversing higher. After struggling for awhile to maintain its gains, targeting the 1.6075 level, the sterling has finally succumbed. European markets are pulling back right now, and the FTSE 100 is down as well. Additionally, ADP payrolls are putting [...]