Spread Betting on the Sterling

256726 Resource 133535 120646 120646 1279631774534 1279631774534 Controlled U.K. Pound Moves Lower in Spot Forex Trading

Spread betting and contracts for differences on the sterling

The U.K. pound is moving lower in spot forex trading today, thanks to concerns about the <a href="item/256724" target="_blank" title="U.K. pound, spot forex, spot forex trading, spread bets, CFDs, spread betting, contracts for differences">U.K. deficit</a>. The deficit narrowed a bit in June, but not as much as predicted. Concerns about sovereign debt have been plaguing a number of developed countries, and the recent issues with euro zone debt are only exacerbating concerns about British debt.  As a result, spread bets and CFDs on the sterling in spot forex trading should consider the impact that debt could have. <a href="http://www.businessweek.com/news/2010-07-20/u-k-pound-falls-versus-dollar-after-deficit-exceeds-estimates.html" target="_blank" title="U.K. pound, spot forex, spot forex trading, spread bets, CFDs, spread betting, contracts for differences">BusinessWeek reports on the issues related to the U.K. pound</a>: <blockquote> “Some of the shine has come off sterling,” said Neil Jones, head of European hedge fund sales at Mizuho Corporate Bank Ltd. in London. “It seems clear that the Bank of England will stay where it is. It won’t be chasing rates higher.” </blockquote> 9 application/xml false CFDs contracts for differences spot forex spot forex trading spread bets spread betting U.K. pound Spread Betting on the Sterling Spread bets on spot forex http://www.gftuk.com/land/index.asp?aid=53 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.2.6) Gecko/20100625 Firefox/3.6.6 GTB7.0 127.0.0.1 127.0.0.1 mmarquit 63.248.48.57 false true false false true 133535 blog blogsite/GFTUK/web