Currency trading with the sterlingThe U.K. pound is up in forex trading, making gains against both the Japanese yen and the U.S. dollar. Currency trading with the sterling should consider that its higher yield makes it attractive for the yen carry trade, and also that the likelihood that BOE rates will remain the same gives the currency an edge over the U.S. dollar. Bloomberg reports on the strength of the U.K. pound in forex trading:
The pound stayed higher even after the Bank of England said mortgage lenders approved the fewest loans for home purchases in 26 months in September, adding to evidence the property market is cooling.
See Also
Currency Trading with the SterlingForex trading with world currencies
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