British pound depreciates 0.5% versus Dollar

Note: This section contains information in English only.
Source: Bloomberg
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British Sterling declined versus greenback on Thursday on speculation the widening European debt turmoil is curbing UK economic outlook. The Pound fell 0.5% versus its US peer to USD 1.5408 and dropped 1.4% against Yen to JPY 120.66. Currently GBP/USD is trading at USD 1.5384. 
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Fri, 01 Jun 2012 06:57:11 GMT

British Chambers of Commerce reduced UK expansion forecast

The British Chambers of Commerce cut UK growth forecast for 2012 to 0.1% from 0.6% while next year's expansion forecast was upgraded to 1.9% from 1.8%. The decision came after indications that the UK fell into recession again. The country has to create business bank to increase accessibility of capital for small firms as well as increase infrastructure spending to

Fri, 01 Jun 2012 09:09:11 GMT

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