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Retail Sales Bring U.K. Pound Lower in Forex Trading

October 24th, 2008 | Category: Forex

Sterling at five year lows in currency tradingThe sterling is at five year lows in currency trading on the FX market today. Retail sales figures have just been released, and they are showing that consumers are not spending as much as they have been.

Indeed, that is another sign that the British economy is headed for a recession. (Or is

in one already.) The U.K. pound is likely to continue to struggle in forex trading for the foreseeable future as the government does its best to shore up the banks and stimulate the economy.

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Original post by Eric J. Fox

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