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03-02-2010, 08:02 AM
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GBP Pounded To One-Year Lows Amid Concerns About Politics, Debt, M&A/Dividend Flows
The pound grabbed the headlines overnight as it was flattened across the board with a mix of concerns about a possible hung parliament, the BOE meeting on Thurs and talk of a huge M&A deal (AIA/Prudential) all combined to pressure the pound. The push through 1.50 against the USD coincided...
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