Pound is Now at a Record Low Against the Euro

The pound continued to fall against the single currency as the flow of data which came out yesterday continued to be in the euros' favour. UK house prices fell by –0.5% in February, while the annual gain was the lowest since November 2005, according to the Nationwide Building Society.

Investors will be watching closely the consumer lending figures which are due out at 10.30am today which are expected to show that mortgage approvals have slipped further in January. The pound is now at a record low against the Euro as the rate has hit 1.3068.

[ForexGen Money Manager]

An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.

Benefits of being a Money Manager with [ForexGen]:

* Providing three different commission sources.
* Weekly commission plan.
* Easy & fast commission withdrawals.
* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”

The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.

The most competitive trading conditions:

* 2 pips spread on six currency pairs.
* Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.