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Pound poised to gain as BOE slows pace of rate cuts

Posted on 30 December 2008

From Bloomberg: The pound may rebound from its worst year on record against the euro as investors start betting on a recovery in the U.K. economy, according to the world’s biggest currency traders.

The U.K. currency will strengthen 14 percent against Europe’s common currency next year, after depreciating about 24 percent in 2008, based on the median forecast of 42 analysts and strategists surveyed by Bloomberg….. Full Article: Source


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