Excerpt from: Spot Forex
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| August 05, 2009 | | Spread betting on currencies | The U.K. pound continues to climb on the spot forex market, moving higher in currency trading. Spread betting on currencies should consider that sterling has reached the 1.70 mark and looks to be heading higher.
Last week, the U.K. pound rallied on the spot forex market, thanks to equity rallies around the world. This week, sterling is heading higher in currency trading on fundamentals. Data on the U.K. services sector has been released, and strong recovery is being seen. This is encouraging British investors who excitedly sending the pound higher against the U.S. dollar and the euro in forex trading.
| Topic Tags: currency trading, euro forex trading, spot forex, spot forex market, spread betting, spread betting currencies, U.K. pound, U.K. services sector | |
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