Trade Forex With City Index as Sterling is Hit in the UK Recession

LONDON, April 26, 2012 /PRNewswire/ --

Trading forex may be an option for investors as the sterling retreated from a seven-and-a-half month high against the dollar and fell against the euro as data showed Britain had sank back into a recession.

Double-Dip Recession Explained

It's been nearly forty years, but Britain is back in a double-dip recession once again.

This morning [Wednesday 25 April], data released by the Office for National Statistics showed that the GBP has shrunk unexpectedly from 0.2% between January and March this year, which followed a 0.3% contraction in the fourth quarter of 2011.

The term 'recession' itself defines two or more consecutive quarters of economic decline.

How to Trade Forex in the UK Recession

As the world's most traded financial market, foreign exchange offers investors a multitude of opportunities due to its high liquidity and tight spreads.

Commonly referred to as forex, foreign exchange, retail forex and simply FX - it has an average daily turnover in excess of US $4 trillion.

The act of 'trading forex' is to exchange one currency for another at an agreed exchange price, such as EUR/USD, USD/JPY and GBP/USD; some of the major currency pairs that traders choose to trade.

Trade Forex with City Index

Trading forex with City Index allows easy access to 37 spot forex markets and a range of new and powerful online, downloadable, mobile and tablet trading platforms; allowing you to trade the opportunity as you see it.

Forex Trading Tip: Before trading on a volatile market such as forex; utilise the trading education tools and resources available as a City Index forex trader in order to prepare yourself for trading.

As a leveraged product, forex trading can result in losses greater than your initial deposit making it imperative that you fully understand the risks involved.

About City Index:

Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.

As a group, we transact in excess of 1.5 million trades every month in over 50 countries worldwide. We provide access to a wide range of instruments including margined foreign exchange, CFD trading and, in the UK, financial spread betting with City Index.

SOURCE City Index