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Individuals who are already supplementing their income through buying and selling cash might like to try their hand at the tournament, as the winner will net themselves £1,000.
The website is "inviting people to use their skill and judgement" to predict the GBP/EUR mid price when the markets close on August 31st.
It may seem like a bit of a challenge, but free Forex training could help individuals accurately forecast market fluctuations and make money out of currency speculation.
Yesterday (August 11th), news the Bank of England downgraded Britain's gross domestic product forecast caused sterling to plummet one per cent, as Forex traders' appetite for risk was depressed and investors feared for long-term economic recovery.
This kind of data can have a significant impact on cash values and may change the fortunes of those with assets in currency.
Posted by Greg Secker
