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U.K. Pound Weakens Against Euro on Bets Economic Recovery Remains Fragile

27/05/11 @ 06:39 GMT

Bloomberg.com

“The gain in consumer confidence is due to the good weather and the euphoria of the Royal Wedding,” said Michael Derks, chief strategist at FxPro Financial Services Ltd. in London. “For the most part, consumer confidence is still very depressed and I expect that to continue to pressure the pound.”

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Notes to Media

For further information, please contact:
James Marshall
Head of PR and Communications
FxPro
Tel: +44 (0) 207 776 9721
Email: j.marshall@fxpro.com

About FxPro
FxPro is an award-winning forex broker providing retail and institutional offerings to clients in 150 countries. FxPro offers trading access through a range of platforms including the innovative ECN platform – FxPro cTrader - supported by industry-leading market news and outstanding levels of customer support 24 hours a day. FxPro’s goal is to be the world’s preferred forex broker and it has become the first choice for forex traders needing user-friendly market access and superior trading infrastructure.

With offices in the United Kingdom, Austria, Cyprus, France, Russia and Spain, FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission, under licence number 078/07, and operates under the EU Markets in Financial Instruments Directive (MiFID).

In Australia, FxPro Australia Pty Ltd (ABN 68 143 740 603) is authorised and regulated by the Australian Securities and Investment Commission (ASIC), license number 405750. Registered address Suite 306, 15 Lime Street, Sydney NSW 2000.

FxPro UK Limited is authorised and regulated in the United Kingdom by the Financial Services Authority (FSA), registration number 509956. Registered address 13/14 Basinghall Street, London, EC2V 5BQ.

For further information, please visit www.fxpro.com.

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