Forex Currency Trading

The UK pound sterling weakened yet again for a third straight day versus the dollar and the euro, nearing the lowest level against the U.S. currency in 10 months, as a report showed U.K. manufacturing unexpectedly contracted.
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The world equities have had a volatile 2010 so far, but globally they remain around 73 percent higher than the low ebb of the financial crisis exactly 12 months ago.
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Stock Market Trend News – Mix bag of stocks in the U.S. as those of AIG – American International Group Inc.- increased following its $15.50 billion sale of a unit, while drugmakers sank as President Barack Obama embarked on a final push to overhaul the health-care system.
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The pound sterling plunged to a 10-Month low last night against the dollar amid fears of a hung parliament. Yesterday the international markets gave a taste of things to come as the pound plunged through the psychologically important $1.50 mark to $1.4781, before fighting back in later trading to $1.49.

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AIG, the insurer bailed out by the U.S., posted a narrower fourth- quarter loss on smaller investment writedowns.

The net loss of $8.87 billion narrowed from $61.7 billion, a year earlier when AIG posted the biggest loss in U.S. corporate history, the New York-based firm said today in a regulatory filing.
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