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The British Pound reached six-week record
low against Greenback after Bank of England in its meeting minutes reported greater
stimulus might be needed. Monetary Policy Committee also decided to stick to
key borrowing rate at 0.5% and leave the amount of quantitative easing worth $428
bn unchanged. The pound lost 0.4% reaching $1.5569 in London trade. Hydeskov, chief
analyst at Danske Bank in London expects Pound to reach $1.53 at the end
of 2011. The pair currently is trading at $ 1.5562.