Hawks circle sterling |
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The British pound came under heavy selling pressure at the European opening on Monday as investors reacted to a weekend reminder that AAA credit ratings have to be earned. And with fiscal integrity on the chopping block as a result of the forthcoming election, the perceived risks to the loss of such status was a convenient excuse for traders to lop a cent off the value of sterling versus the dollar. Global equity prices are lower to start the week and there is an air of risk aversion about the
Filed under: Fundamental
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