Excerpt from: Spot Forex
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| November 24, 2009 | | Spread bets and CFDs on the spot forex market | Spread betting and contracts for differences on the U.S. dollar in forex trading should consider that it is finding some support against the sterling. Even as U.S. stock futures tick modestly higher, the greenback is managing to consolidate against the U.K. pound in forex trading.
The main reason that the sterling is struggling on the spot forex market is to do with U.K. government debt. Bank of England governor Mervyn King warned about the amount of U.K. debt, and that has traders concerned about the stability of the pound in forex trading.
The U.S. dollar is losing its edge against the euro in forex trading, though. The euro has got a bit of a bounce on German Ifo data, and that is helping its cause today.
| Topic Tags: CFDs, contracts for differences, dollar forex trading, euro forex trading, spot forex market, spread bets, spread betting, U.S. stock futures | |
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