Pound continues to struggle overall in forex tradingThe sterling continues to experience setbacks in currency trading on the [B]FX market[/B]. Indeed, with the U.S. dollar rallying heavily right now, the pound is struggling in forex trading.
And it is likely that the pound will continue to have a difficult time in forex trading. GFT’s [B]Boris Schlossberg[/B] reports in FX360 on the sterling in currency trading:
Although Mr. O’Grady concentrates mainly on the loss of political; and diplomatic power that could occur, the [B]currency markets[/B] tonight are far more concerned with the negative economic implications and the concomitant loss to the pound that this scenario would bring. We’ve recently argued that GBP/USD 
would likely suffer the most in any counter trend [B]dollar rally[/B], as the financially dependent UK economy remains vulnerable to further credit problems in Dubai as well as any serious correction in global capital markets. Today’s story in the Independent only confirms the structural problems facing pound longs.
[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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