Published by Mark AckroydConcerns about the strength of the British economy have had an impact on sterling's fortunes in foreign exchange trading.That is according to Bloomberg, which noted the pound held steady versus the euro at 87.14 pence at 17:27 BST in London yesterday (October 24th).Meanwhile, against the greenback it rose to $1.5978, a 0.2 per cent improvement on the level seen the previous day and traded at 121.52 yen, a 0.1 per cent fall.Currency strategist at UBS AG in London Geoffrey Yu said: "Once the dust settles we'll be looking into relative growth differentials rather than anything else and clearly sterling is going to be on the back foot."Forex dealers may also be impacted by tomorrow's meeting between European Union leaders including German chancellor Angela Merkel and French president Nicolas Sarkozy in Brussels.It follows a previous summit held on Sunday and aims to find a solution to the eurozone's ongoing issues.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site