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British Pound: Extending Gains Versus Dollar


Jul.20.2013

Britain’s Pound Advances to Six-Month High Versus Dollar before an important report tomorrow that may show the U.K. avoided a recession. This boosts the case for the Bank of England to pause its asset purchases.

A report last week showed U.K. inflation unexpectedly accelerated for the first time in six months in March, fueling speculation the Bank of England’s Monetary Policy Committee will pause its 325 billion-pound asset-purchase program on May 10.

 

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