Pound Sterling fell sharply against the dollar on Wednesday, falling to its lowest level in six weeks, as a sharper-than-expected slowdown in UK inflation relieved pressure on the Bank of England to maintain raising interest rates. The pound fell as much as 1.5% to $1.198, a level that was last seen in early January. The…
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Trading foreign exchange, stocks, options, or futures on margin carries a high level of risk, and
may not be suitable for all investors. Before deciding to trade, you should carefully consider your
objectives, financial situation, needs and level of experience. Traders On Trend provides general
advice that does not take into account your objectives, financial situation or needs. The content
of this website must not be construed as personal advice. The possibility exists that you could
sustain a loss in excess of your deposited funds and therefore, you should not speculate with
capital that you cannot afford to lose. You should be aware of all the risks associated with
trading on margin. You should seek advice from an independent financial advisor. Past
performance is not necessarily indicative of future success.
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