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Tuesday, October 26, 2010

British Pound Rallies on Better Growth Prospects

Tuesday, October 26, 2010
British Pound Rallies on Better Growth Prospects  The GBP USD is up nearly 1% at the mid-session after a stronger-than-expected economic report signaled growth. This news reduced the prospects for further easing by the Bank of England, therefore, driving up the value of the Sterling. For a couple of weeks, the Cable has been under pressure on speculation that the BoE would be forced

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