Mid-Day Report: Sterling's Fall Accelerates, Loonie Lifted by GDP Data

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03-01-2010, 08:53 PM

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Mid-Day Report: Sterling's Fall Accelerates, Loonie Lifted by GDP Data

Sterling remains the main focus today as selling intensified in European session. Dollar managed to rebound strongly against European majors but stays is soft against yen and commodity currencies. Data from US saw personal spending rose more than expected by 0.5% in January but income growth missed expectation. PCE deflator...

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