The U.K. pound is heading higher in forex trading on the currency market, gaining ground on the latest good news from around the world.

Concerns about the sovereign debt crisis in the euro zone are being assuaged, somewhat, by Germany's vote to support the bailout fund. And, in the U.S., economic data has provided a pleasant surprise to the upside with jobless claims falling to their lowest level in months.

All of this is providing support for the sterling in currency trading on the FX market. A rally is going on, although some are uncertain about how long it will last. 

See Also

• Sterling in Currency Trading
  Forex trading news

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