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barbara

Sterling falls. Signs of recession for the UK

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Hey guys, how are you doing? I was a little bit sick these days but fortunately I'm feeling better. Here's a quick report about the British Pound.

The sterling fell against the dollar yesterday after Moody Investors Service downgraded Barclays Bank. Investors went for safe haven currencies like the yen and dollar over concerns of further weakening banking sector. Sterling fell 1.6% against the dollar to $1.4237.

Cheers!

Barbie :rolleyes:

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