Sterling looks up in currency tradingAfter a rough patch, thanks to housing prices, the U.K. pound is starting to turn aroung on the FX market. House prices have started to increase again, and this is good news for the sterling in currency trading. Bloomberg reports on the forex trading forecast for the U.K. pound:
“I don’t see much downside on sterling from here,” said Mike Berg, a currency analyst at 4Cast Ltd. in London. “There are some mixed signals out there on housing. And after King’s statement, he’s not in any hurry to ease rates. The economic outlook for the U.K. is not robust, but there’s still growth.”
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