UK Pound May Drop on View Rise to 25-Year High Was Too Rapid
Bloomberg, 23 April 2007
By Anchalee Worrachate
April 23 (Bloomberg) -- The pound may decline as traders judged a rally that took Britain's currency to a 25-year high last week against the dollar was too rapid. The U.K. pound soared through $2 on April 17 for the first time since September 1992, when speculators forced it out of the European system of linked exchange rates, please see this link* for the remainder of the article.
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