Excerpt from: Spot Forex
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| March 31, 2010 | | Spread betting and contracts for differences on the spot forex market | Spread bets and CFDs on the sterling should consider that the pound is moving higher today. After showing some signs of life and recovery yesterday, the U.K. pound is heading higher again today, breaking through the 1.5110 level.
Sterling is now looking for support in spot forex trading, looking for information that could help things improve. Economic optimism in Britain is growing, and that is helping things.
Also helping matters is the fact that the U.S. dollar is finding it difficult to sustain recent gains in light of job losses in the U.S.
| Topic Tags: contracts for differences, jobs data, spot forex market, spot forex trading, spread betting, U.S. dollar | |
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