Currency trading with the U.K. poundWhile the Aussie and the euro both gain in [B]forex trading[/B] against the U.S. dollar, the sterling continues to struggle. Indeed, GFT’s [B]Boris Schlossberg[/B] points out in FX360 that there are difficulties for the U.K. pound in currency trading:
While EUR/USD 
and AUD/USD have made fresh yearly highs, [B]sterling continues to struggle with the 1.6500 level[/B]. However, given the neutral nature of tonight’s eco data, the pair could overcome that barrier later on in the day if risk flows continue to be positive.
While the sterling is up against the U.S. dollar in forex trading, it remains largely rangebound. This is because there are concerns about the British economy, especially since the labor market remains under strain. As long as there are concerns for the labor market, [B]currency trading[/B] with be difficult for the U.K. pound.
[B]See Also[/B]
[ul]
[li]Sterling in Forex Trading[/li]Currency trading on the FX market
[/ul]