Sterling Continues to Struggle in Currency Trading

Date June 4, 2008

UK pound fallls in forex tradingThe sterling is continuing its struggle in currency trading on the FX market. Economic data continues to disappoint, and news from the banking sector continues to create pessimism.

The Bank of England makes an interest rate decision tomorrow. The rate is expected to remain the same, but that probably won’t help the sterling in currency trading. Some analysts expect that interest rate cuts will have to be made soon — and that won’t help the UK pound in forex trading, either.

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