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Sterling hits record low vs euro, Swiss franc rises

Posted on 29 December 2008

From Guardian: Sterling hit a record low against the euro on Monday, hurt by its yield disadvantage against the single European currency and inching closer to parity.

Hurt by fears about the bleak outlook for the UK economy and expectations that euro zone interest rates are likely to stay higher than British rates in coming months; sterling hit a low of 96.315 pence on the Reuters dealing system….. Full Article: Source


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