Daily FX Commentary |
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Bank of England split The UK currency dipped to lows near 1.8530 in Europe on Tuesday, but resisted a further serious attack on the 1.85 level and pushed back above 1.8650 in US trading as the dollar retreated. Sterling generally drifted weaker to 0.7915 against the Euro. Overall sentiment towards the UK economy remains weak with further expectations of a sharp deterioration in conditions and it edged lower in European trading on Wednesday. The latest CBI industrial survey also deteriorated
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