Excerpt from: Spot Forex
|
 |
| March 15, 2010 | | Spread betting and contracts for differences on currencies | The sterling is down -- again -- in spot forex trading today. Spread bets and CFDs on the pound should consider that the currency continues to struggle as fundamentals desert Britain.
Indeed, they latest blow is the news that Moody's may cut Britain's AAA sovereign debt rating. Warnings were issued earlier about the possibility that the U.K., U.S., Germany and France could all see reductions to their credit ratings.
On top of this, Britain is still facing the problems of mounting public debt and the possibility that the Bank of England may resume quantitative easing. All of this points to problems still in the British economy, and it is no wonder that the sterling can't find support in spot forex trading.
| Topic Tags: CFDs, contracts for differences, credit rating, forex market, sovereign debt, spot forex trading, spread bets, spread betting | |
|
|
