Excerpt from: Spot Forex
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| March 10, 2010 | | Spread betting and contracts for differences on currencies | Spread bets and CFDs on the spot forex market should continue that the sterling remains unable to post gains. Indeed, the pound continues to drop on the latest news.
Production data is poor, which means that momentum isn't building in economic recovery. This is especially troubling, since economic activity is vital to offsetting the huge deficits run up by the British government in response to the recession.
Bank of England officials say that they hope that quantitative easing is done with, but that hope isn't providing much in the way of substantial support for the sterling on the spot forex market.
| Topic Tags: CFDs, contracts for differences, currencies, spot forex market, spread bets, spread betting, sterling spot forex | |
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