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Pound hits three-month high April 16, 2009
The pound has hit a three-month high against the dollar amid gloomy US data and signs of strengthening confidence in the UK currency. Sterling broke through the 1.50 dollar mark several times - its highest level since January. It also rose to 1.137 against the euro at one point, its best performance in more than a month. Analysts said the pound was helped by a fall in the dollar in the wake of news that US consumer inflation had fallen into negative territory for the first time in more than half a century. Read the rest of this entry »
