U.K. pound pares gains in forex tradingThe sterling is pulling back in [B]currency trading[/B] after reversing higher. After struggling for awhile to maintain its gains, targeting the 1.6075 level, the sterling has finally succumbed.
European markets are pulling back right now, and the [B]FTSE 100[/B] is down as well. Additionally, ADP payrolls are putting a damper on the situation in the U.S.
[B]Risk appetite[/B] is fading away after making a brief appearance, and that means that the sterling is heading lower now, unable to overcome its ceiling. It will be interesting to see how things go today, and whether the risk trade can make a comeback.
[B]See Also[/B]
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[li]Looking for Currency Trading Trends[/li]Forex trading on the currency market
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