Spot Forex | Analysis, news and commentary on forex trading. Read daily information on the world's largest financial market. Follow changes in the currency market that assist in forex trading decisions. | |
|
| | July 20, 2010 | | Spread betting and contracts for differences on the sterling | The U.K. pound is moving lower in spot forex trading today, thanks to concerns about the U.K. deficit. The deficit narrowed a bit in June, but not as much as predicted.
Concerns about sovereign debt have been plaguing a number of developed countries, and the recent issues with euro zone debt are only exacerbating concerns about British debt.
As a result, spread bets and CFDs on the sterling in spot forex trading should consider the impact that debt could have. BusinessWeek reports on the issues related to the U.K. pound:
“Some of the shine has come off sterling,” said
Neil Jones, head of European hedge fund sales at Mizuho Corporate Bank
Ltd. in London. “It seems clear that the Bank of England will stay where
it is. It won’t be chasing rates higher.”
| Topic Tags: CFDs, contracts for differences, spot forex, spot forex trading, spread bets, spread betting, U.K. pound | |
|
|
