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Pound will be ’safe haven’ currency of 2014, says Citigroup

Posted on 30 December 2013

Citigroup head of macro research says pound could even climb to $1.80 against the dollar by the end of 2014 if strong run of UK economic data continues. Sterling will be the global “safe haven” currency of 2014 as Britain’s strengthening economy makes it a magnet for inward investment, according to Citgroup.
The pound, supported by a run of positive economic data, climbed to a two-year high against the dollar on Friday, rising to $1.6578………………………………………..Full Article: Source


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