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Sterling Exhibited a Heavy Tone

Forex News

This post by larrygreenberg has been reprinted from Currency Thoughts.

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Sterling sank to a low of $1.4832, its weakest dollar level in about 2-1/2 years.  The trigger for today’s decline was the announced 1.2% plunge of British industrial production in January that erased December’s 1.1% advance and left production in November-January 0.9% below the August-October level.  Production in January was 2.9% weaker than a year [...]

larrygreenberg @ March 12, 2013

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