Excerpt from: Spot Forex
|
 |
| August 06, 2009 | | Trading currencies on the spot forex market | The sterling has dropped rather a lot today in currency trading. News about an expansion to the quantitative easing program in Britain is pressuring the U.K. pound on the spot forex market.
Additionally, there has been some concern about the quick rise of the sterling recently. The U.K. pound surged yesterday on the spot forex market, and today's drop could also be partially attributed to profit takers interested in trading currencies.
The sterling is also down in currency trading against the euro, as news out of Germany spurs some speculation that maybe the euro zone will be first to recover from the recession after all.
| Topic Tags: currency trading, currency trading euro, forex market, spot forex market, sterling currency trading, trading currencies, U.K. pound forex | |
|
|
