Pound/Dollar fell below the 1.5936 support line which was a bottom on March 28th, and is now at the lowest levels since the end of January. This happens as the forex market begins the new week. The main reason for the fall is fresh fears from the Greek crisis and the implications on Britain. Banks in the UK are exposed to Greek debt not only through direct holding of Greek debt, but also due to selling and buying of CDS at unknown amounts. This is so worrying that the UK government is pressuring banks to “volunteer” and accept some Greek debt restructuring. For more on the crisis see: Greek Default: Germany Prepares, UK Fears Mount Greece’s Biggest Creditors Ready For Restructuring Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Other Forex Stuff share Read Next Even more risk leaves the table FxPro - Forex Broker 12 years Pound/Dollar fell below the 1.5936 support line which was a bottom on March 28th, and is now at the lowest levels since the end of January. This happens as the forex market begins the new week. The main reason for the fall is fresh fears from the Greek crisis and the implications on Britain. Banks in the UK are exposed to Greek debt not only through direct holding of Greek debt, but also due to selling and buying of CDS at unknown amounts. This is so worrying that the UK government is pressuring banks to "volunteer" and accept some Greek… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
