| October 12, 2012 |
Currency trading with the sterling |
UK pound is heading higher today, gaining as risk appetite returns to the currency market. However, even though the pound is getting a boost today, the long-term forecast isn't looking as solid. The forex trading forecast for the UK pound is likely going to be choppy, since there are still a number of challenges for the British economy. One of those is the fact that austerity measures are holding back economic growth. With concerns about the sterling likely to grow due to economic worries, it's quite possible that things could change quickly. And, of course, risk appetite might not last. It's important to watch for clues pointing to changes right now, since things move quickly in the currency market.? |
Topic Tags: ?austerity, currency market, forex trading, forex trading forecast, risk appetite, sterling, UK pound |
Source: http://forex.gftforex.com/public/item/277921
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