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Pound rises broadly on UK asset plan

Posted on 27 February 2009

From Reuters: Sterling rose broadly on Thursday, boosted by stock market gains, a government plan to insure banks’ toxic assets and losses at Royal Bank of Scotland that were less than feared.

The British government announced a scheme under which it could end up insuring more than 500 billion pounds of bad assets in an attempt to get lending flowing again….. Full Article: Source


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