Forex trading with the U.K. pound
The sterling is heading lower in currency trading on the FX market, even though the FTSE 100 and other equities are heading higher. One of the reasons for the U.K. pound to see difficulty in forex trading is due to the recent inflation report from the Bank of England.
Policymakers expect economic recovery to be quite gradual in Britain, and this is stymieing the sterling in currency trading. Instead of heading higher, the pound is moving lower.
The euro is having no such trouble in forex trading. While sterling struggles against the dollar, the euro is finding strength. Dollar weakness seems to be a fixture against the euro right now. If the British economy can start a recovery in earnest, though, the expectation is that things will look up for the pound.
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