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British Pound Crushed As BoE Casts Doubt on Recovery

posted by Avatar fx360 1109 days ago in GBP, Daily

High beta currencies reversed much of their gains against the dollar after the Bank of England quarterly inflation report cast doubt on the idea of rapid UK economic recovery suggesting that growth will remain lackluster all the way through 2010. EUR/USD, GBP/USD and AUD/USD all rallied in the Asian session taking out the 1.3700, 1.5300 and 7700
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