Posted by Zeb BhamInvestors concerned with the latest foreign exchange trading news may wish to take note of the falling value of sterling in comparison to the US dollar.Reuters has reported that the UK currency hit a session low against the American money, reversing gains it had made earlier.By the close of trading platforms yesterday (October 17th), sterling had tracked the losses made by the euro.It fell to a value of $1.5771, with investors said to be waiting for data on issues such as inflation and retail, as well as the latest Bank of England minutes.German finance minister Wolfgang Schaeuble caused a decline in interest in the euro when he said that the upcoming European Union summit may not be able to find a solution to the continent's debt problems.The news source recently reported that sterling had hit its highest point against the dollar since mid-September, reaching $1.5841