U.K. pound in currency trading

Cable is surging forward in forex trading on the currency market today. With U.S. markets closed, and much of the currency market moving rangebound today, it is interesting to see the U.K. pound break out.

Sterling is being supported in currency trading by better than expected housing data in Britain, as well as expectations of increased merger and acquisition activity. Another boost is the fact that commodity currencies are making gains today.

With investors showing some interest in risk, and with the sterling offering a solid chance for currency trading gains, it is little surprise that it is the big mover for today, against the U.S. dollar as well as other currencies.

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