U.K. Pound Forex Trading Forecast

September 7, 2008 by Trader Rich

Sterling predicted to continue to drop in currency tradingAfter making some slight progress yesterday in FX trading, the sterling is once again falling on the currency market. The U.K. pound forex trading forecast calls for more losses as worries over the British economy continue to mount. Bloomberg reports on the sterling in currency trading:

“Sterling is really seen as the currency-market dog, if you like, being seen to be sold for any reason you can possibly think of,” said Jeremy Stretch, a senior strategist in London at Rabobank International, the third-largest Dutch bank. “It’s difficult to find too many ways to be positive about sterling.”