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UK Pound Drops against Dollar in Forex Trading

02 Aug 2012

Posted by News Poster in Forex News
Sterling heads down in currency tradingUK pound is dropping against the US dollar in forex trading on the currency market today. Risk aversion is high in forex trading right now, and traders are turning to the US dollar as a safe haven.
Concerns about the UK recession are increasing again, thanks to latest mortgage approval data. With the housing market still in trouble, there isn't a lot of help for the pound coming.
However, the pound is higher against the euro in forex trading. With concerns about the eurozone very high, the pound looks fairly stable by comparison, and is in higher demand.
[h=3]See Also[/h]


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A Forex Trader is A Learner

09 May 2014

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