U.S. dollar pummels U.K. pound in forex tradingFiscal concerns are causing trouble for the sterling in currency trading on the [B]FX market[/B] today. Even though data is improving in Britain, fiscal concerns about mounting public data is causing concern, and that is sending the U.K. pound lower in [B]forex trading[/B].
Even as the euro gains ground in forex trading against the U.S. dollar, the sterling is being pounded by the greenback. PIMCO manage Bill Gross warned that [B]U.K. gilts[/B] were fragile over the weekend, reports [B]Boris Schlossberg[/B] in FX360. On top of that, there are concerns that Britain could end up like Greece.
All of this concern over the [B]U.K. debt[/B] situation has investors worried about the pound, and throwing their support to the U.S. dollar in forex trading against the sterling.
[B]See Also[/B]
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[li]Looking for Trends in Forex Trading[/li]Currency trading on the FX market
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