U.K. Pound Continues Rally in Currency Trading

[GFTforex]

Forex trading with the sterlingThe U.K. pound is continuing its rally in currency trading on the FX market today. Yesterday in forex trading, the sterling gained some ground, and today the pound is solidifying its gains. The risk trade is alive and while, in spite of the fact that equities and commodities are lower today.

The sterling is being helped by the fact that the Bank of England is adopting a more hawkish tone right now. The end of Britain's quantitative easing program is in sight, and that is providing some help for the U.K. pound in currency trading.

Another helpful factor is the expected emergence of China. Right now, China is a key to the risk trade in forex trading, sending sterling higher as traders look to the emerging markets to lead us out of the global recession. With China's economic growth, it is expected to help stimulate global trade and get economic recovery moving.


See Also

• Economic Indicators and Forex Trading
  Currency trading on the FX market