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UK Pound Forex Trading Forecast
Sterling in currency trading on the FX marketThe economic news on the British GDP is in, and it is weak. As a result, the UK pound is looking to move downward in the forex trading forecast.
Sterling has been plagued by weak economic data, along with inflation, which is resulting in difficult in currency trading on the FX market. Bloomberg reports on the UK pound in forex trading:
``Growth being revised down, while inflationary pressures are clearly persisting, doesn't auger well for the pound,'' said Jeremy Stretch, a senior currency strategist in London at Rabobank International, the third-largest Dutch bank. ``The short-term outlook for the pound looks quite bleak.'' See Also
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