The pound gains on new euro-zone plan

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Source: Forexpros

The pound increased against the US dollar following agreement of German and French leaders on struggling with the EU debt crisis. Angela Merkel, German Chancellor and Nicolas Sarkozy, French President agreed on automatic penalties imposed on deficit violators. GBP/USD approached to 1.5696 at the early U.S. trade consolidated at 1.5696, adding 0.62%.

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Tue, 06 Dec 2011 06:59:23 GMT

Budget on Olympics security rose to $1.6 billion

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