U.K. Rate Cut Expectations Send Sterling Lower in Forex Trading

November 17, 2008

U.K. pound drops in currency tradingAs one might expect, the U.K. pound continues to drop in currency trading on the FX market. Indeed, U.K. rate cut expectations are sending the sterling lower in forex trading as the economic news continues to worsen.

In terms of both fundamental analysis and technical analysis, it seems clear that the U.K. pound will likely struggle moving forward in currency trading. Indeed, it will take a massive turnaround from the British economy to support the sterling in forex trading.

See Also

• Sterling in Forex Trading
  Currency trading on the FX market

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