Positive UK Data Helps Pound in Forex Trading

Sterling higher in currency trading

Positive manufacturing data out of the UK is helping the pound today in forex trading. The news about manufacturing was better than expected, and this is helping the sterling against the US dollar in currency trading.

Indeed, the news has some hoping that Britain’s economy is ready to show signs of recovery. Britain has been in a tough place lately, with slow economic expansion, but inflation higher than the Bank of England has been comfortable with.

There are hopes now for the British economy, and that is being reflected by the pound’s improvement in forex trading. Also boosting the pound is the fact that stock markets are higher today. Equities around the world are gaining ground on general risk appetite, and that is helping high beta currencies like the pound in their performances against the US dollar

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