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Currencies – Pound Gains on Inflation Outlook, Weakens on Rates Outlook

Posted on: May 11, 2011

The Great Britain pound gained versus the euro today after Britain’s central bank increased its inflation forecast. The currency erased gains against the US dollar and the Japanese yen as the BoE Governor Mervyn King hinted that the interest rates won’t be raised in the foreseeable future. Th

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