Forex trading with the sterlingThe [B]U.K. pound[/B] 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 [B]commodities [/B]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 [B]currency trading[/B].
Another helpful factor is the expected emergence of China. Right now, China is a key to the risk trade in [B]forex trading[/B], 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 [B]economic recovery[/B] moving.
[B]See Also[/B]
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[li]Economic Indicators and Forex Trading[/li]Currency trading on the FX market
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