Spread Bets and CFDs on the Sterling

158902 Resource 133514 120646 120646 1171551908368 1171551908368 Controlled Sterling Down on the Spot Forex Market

Pound struggling as economic data comes in

The dream of the pound hitting $2 on the spot forex market is dead for now as economic data comes in and the sterling declines in spot forex trading. <a href="http://www.bloomberg.com/apps/news?pid=20601083&sid=aqHM7q3trYh4&refer=currency" target="_blank" title="spread bets, CFDs, spot forex trades, spot forex, spot forex market, economic data, $2 forex market" style="font-family: verdana,arial,helvetica,sans-serif;">Spread bets, CFDs and spot forex trades should consider shorting the pound for now</a>, and keeping an eye on economic data for further indications. Bloomberg reports: <div style="margin-left: 40px; font-family: verdana,arial,helvetica,sans-serif;"> The U.K. currency was also hurt by an industry survey showing house prices gained at their slowest pace in seven months in January. Futures trading indicates investors started reducing bets on how high the Bank of England will lift interest rates this year after the retail sales report. ``We're selling the pound,'' said Adam Myers, a currency strategist at UBS AG in London, the world's second-largest foreign exchange dealer. ``We've no chance of hitting $2.'' </div> 9 application/xml false $2 forex market CFDs economic data spot forex spot forex market spot forex trades spread bets Spread Bets and CFDs on the Sterling Spot forex trading with world currencies http://www.gftuk.com/land/index.asp?aid=53 Mozilla/5.0 (Macintosh; U; PPC Mac OS X Mach-O; en-US; rv:1.8.0.9) Gecko/20061206 Firefox/1.5.0.9 127.0.0.1 127.0.0.1 mmarquit false true false false true 133514 blog blogsite/GFTUK/web