U.K. Pound Rallies in Forex Trading

Sterling gets another boost in currency trading

The U.K. pound is gaining in forex trading on the currency market today. Better than expected economic data is helping the sterling in currency trading.

Indeed, right now the sterling is one of the few currencies gaining against the U.S. dollar. A little bit of risk aversion is pressuring most of the high beta currencies. Euro is struggling as the fallout continues from S&P's response to the latest suggestion on the Greek bailout.

Equities are struggling, though, and that could weigh on the U.K. pound later. For now, though, sterling is higher, bucking the trend for a higher dollar across the board.