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British pound is poised to decline gain

Posted on 05 March 2009

From IHT: As the British government prepares to unleash a flood of cash in a bid to restart the economy, the pound may stagger to lows against the dollar not seen for a quarter-century.

The pound has remained resilient in recent weeks but fresh economic headwinds are dictating a new decline against a broadly bullish dollar. The catalyst for that may come when the Bank of England embarks on unconventional measures to keep borrowing costs low….. Full Article: Source


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