| 13.04.2012 - Sterling's rise to 19-month peak highlights export challenge |
| Sterling surged to a 19-month peak on a trade-weighted basket of currencies on Thursday, posing risks to exports and the British government's aim to rebalance the economy. Trade-weighted sterling rose to 82.4, its highest since August 2010 according to Bank of England data. Its rise came as data showed the UK's trade deficit deepened more than expected in February to 8.772 billion pounds as imports outpaced exports...............................................Full Article: Source |