U.K. pound in forex trading

The sterling is down against the U.S. dollar in currency trading on the FX market today as risk aversion takes over. While paring some of its losses right now, the U.K. pound nevertheless dipped below 1.6280 earlier in the session.

Things in Europe are a bit uncertain right now, with political rumors swirling in the eurozone, and some doubts remaining about the strength of British economic recovery.

Sterling is still doing well in currency trading against the euro, though, even though risk aversion has routed the U.K. pound against the U.S. dollar.

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