Excerpt from: Spot Forex
|
 |
| March 18, 2010 | | Spread betting and contracts for differences on the spot forex market | Spread bets and CFDs on the sterling in forex trading should consider that it is pulling back a bit, halting its rally on the spot forex market. Earlier today, the U.K. pound touched 1.53.
Sterling has seen some success on the spot forex market recently, thanks to the fact that things are starting to show some improvement. Indeed, U.K. employment data has been reasonably positive, showing improvement. Additionally, the Bank of England appears to be concerned about inflation. Higher inflation is a sign of economic growth.
On top of this, it appears as though British public debt has not grown as much as forecast, and that is providing some encouragement as well.
Sterling has pulled back from its recent highs, though. Moving lower against the U.S. dollar as investors consider a correction, in spite of the positive jobs data coming out of the U.S.
| Topic Tags: CFDs, contracts for differences, forex trading, spot forex market, spread bets, spread betting, sterling forex trading | |
|
|
