Finance Review

Even the deteriorating conditions of UK economy and the market trends in April 2009 were indicating at UK currency trading to have a tough time ahead.But as the currency trading hugely depends on the correlations between the moves of different currency pairs, the oil prices and profits in US equities have caused the jump of the UK currency against the US dollar.The latest leap of the Sterling against the US dollar has shown that the world economy has started moving towards a positive direction as the pound sterling has gone up almost 6% against US currency in 2009 May, making the highest monthly gain after 1993.

According to the US business review and Euro Zone, the global economy has started recovering from the shock the recession has caused. Though it will require time but the trading conditions in the world market are sure to improve in future.

But the IMF opposed this view and said that UK economy has very poor chance of quick recovery and will continue to be unstable in coming days. It further warns the investors to be cautious as the UK market is still vulnerable and can cause more damage to the financial sector.

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