U.K. Pound Plunges in Forex Trading

Currency trading with the sterlingThe U.K. pound is plunging in forex trading on the currency market as economic troubles continue to apply pressure.

Currency trading with the sterling is at record lows against the euro right now, and things appear to be moving in a direction that could lead to intervention from the British government.

Indeed, even after last week’s shocking 150 point cut, Bank of England governor Mervyn King has intimated that more rate cuts could be on the way. This news is only serving to continue to send the U.K. pound lower in forex trading.

See Also

• More on the U.K. Pound in Forex Trading
  Currency trading with the sterling
• Currency Trading with the Sterling
  Forex trading on the currency market

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