13th September 2011
Sterling could see volatility over the coming weeks with the publication of reports on inflation set to have a significant impact on the currency.
Should the UK be found to have negative inflation in the newest set of figures, this could lead to either a continuation of the difficulties in forex trading for the funds or an even greater decline should the figures prove worse than expected.
However, sterling continues to show bullishness at present, particularly against the dollar, with the currency trending upwards in recent days, despite the greenbacks own upward moves against its other currency rivals.
Traders are currently looking to balance risk aversion against ongoing difficulties in the global markets, but the outcome for sterling will very much depend on the publication of these new figures.
Meanwhile, this morning's (September 13th) dollar trading was slightly bullish, although the publication of the US's budget data later today is likely to have an impact for the markets.
Posted by Andrew Johnston
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