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Forex News / British Pound in Play with UK Economy to Shrink Most in 28 Years (Euro Open)

24.04.2009

British Pound in Play with UK Economy to Shrink Most in 28 Years (Euro Open)

Forex News /

The British Pound may perceive important selling force in European hours with advanced estimates of first-quarter Gross Domestic Product set down to display that the economy shrank -1.6% to carry the annual movement of decline to a huge -3.8%, the worst outcome in almost 28 years. Sterling slipped drop down 1.47 in overnight trading to lean-to as much as -0.6% against the US Dollar.



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