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Pound falls to record low against basket of currencies

Posted on 11 December 2008

From Telegraph: Sterling hit a record low against a basket of currencies today after the pound sank to new lows against the euro overnight, weighed by a grim outlook for the UK economy and the prospect of more rate cuts.

Trade-weighted sterling was at 79.7, Bank of England data showed. It was the lowest on a daily basis on BoE data going back to 1990….. Full Article: Source


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