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Pound down amid Dubai doubts
Mon, 30 Nov 09 15:41 pm
UK currency has struggled this morning after a slide in UK consumer confidence saw it drop towards a one month low against the euro. Concerns in the UAE also piled pressure on the pound despite the central bank saying that it “stands behind” the country’s local and foreign banks amid last week’s fears of a default in Dubai.
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The Pound has begun to drop against both the Euro and the US Dollar following surprisingly poor data...
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