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The pound fell to its lowest level in 12 years against the currencies of the UK’s major trading partners as the UK released more pessimistic economic data. A report showed that British consumer confidence fell to its weakest level in more than 4 years. Sterling also fell to a record low against the euro on bets the Bank of England will resist cutting interest rates tomorrow, delaying an economic recovery. On Wednesday the Nationwide building society said its index of consumer confidence held
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