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    British Pound

    The pound fell for a fifth day versus the euro, reaching the weakest in almost 11 months, as a report showed Britain’s budget deficit widened in December, adding to concern that the economy will struggle to grow.

    Sterling has depreciated the most this year of the 10 major currencies tracked by Bloomberg Correlation-Weighted Indexes as improving sentiment in the euro area damped demand for safer assets. The pound snapped a seven-day decline versus the dollar. U.K. government bonds were little changed as the Debt Management Office sold 10-year gilts.

    source_http://www.bloomberg.com/news/2013-01-22/pound-gains-versus-dollar-before-u-k-budget-deficit-data.html

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    The pound declined for a fourth week against the euro, the longest streak since September, as economic reports on consumer confidence and manufacturing suggested the U.K. economic recovery is petering out.

    Sterling fell to a 15-month low against the single currency as data showed economic confidence in the euro area improved in January, adding to signs the region’s debt crisis is easing. Gilts dropped for a second week before policy makers meet amid speculation they will hold their bond-buying program at 375 billion pounds ($590 billion).

    source_http://www.bloomberg.com/news/2013-02-02/pound-falls-versus-euro-as-data-signals-recovery-stalling.html

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    The pound strengthened for a third day against the euro, set for its biggest weekly gain in two years, before the U.K. Debt Management Office auctions bills.

    Sterling was poised for its first weekly advance in four versus the dollar. It appreciated yesterday after future Bank of England Governor Mark Carney said current monetary policy may be enough to help the economy, damping speculation that he would expand stimulus. The U.K. is scheduled to sell 2.5 billion pounds ($3.93 billion) of 28-, 91- and 182-day securities.


    source_http://www.bloomberg.com/news/2013-02-08/pound-strengthens-third-day-versus-euro-before-bill-sale.html

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    The pound dropped to a six-month low versus the dollar amid speculation the Bank of England will revise down its growth forecasts tomorrow, underlining the case for keeping interest rates at a record low.

    Britain’s currency fell for a second day against the euro even as a report showed U.K. inflation held at the highest rate since May last month. Consumer prices rose 2.7 percent from a year earlier, the Office for National Statistics said today in London. A separate report showed an index of U.K. house prices fell in January. U.K. government bonds were little changed.


    source_http://www.bloomberg.com/news/2013-02-12/pound-strengthens-versus-euro-before-consumer-price-data.html

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    The pound fell for a third day against the euro, dropping toward a 15-month low, after Bank of England Governor Mervyn King said U.K. growth is likely to be weak and the economy faces “big challenges.”

    Sterling tumbled at least 0.5 percent versus all of its 16 major counterparts as King said at a press conference in London that there were “limits” to what policy makers could achieve. U.K. government bonds fell, with 10-year yields rising by the most in six weeks, as the central bank said inflation will remain above its 2 percent target for the next two years even with weak growth.


    source_http://www.bloomberg.com/news/2013-02-13/pound-is-little-changed-before-boe-publishes-inflation-re.html

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    The pound had its steepest weekly drop versus the dollar since June after data showed U.K. retail sales unexpectedly fell in January, adding to evidence the economic recovery is faltering.

    Sterling slid to the lowest level in six months against the greenback. It lost at least 0.7 percent this week against all 16 of its major peers tracked by Bloomberg after the Bank of England released its quarterly Inflation Report two days ago and Governor Mervyn King said Britain faced a muted recovery. Britain’s currency trimmed its decline since Feb. 8 as better- than-forecast U.S. manufacturing data boosted optimism that global growth is on track. Gilts were little changed.


    source_http://www.bloomberg.com/news/2013-02-15/gilts-gain-for-2nd-day-as-retail-sales-unexpectedly-fall.html

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    The pound fell to the lowest level versus the dollar in more than seven months after Bank of England policy maker Martin Weale said that U.K. exports may benefit from the currency’s decline.

    Sterling weakened against all but one of its 16 major peers. Futures traders reversed their bets that the British pound will gain against the U.S. dollar, weekly figures from the Washington-based Commodity Futures Trading Commission showed. The U.K. currency dropped last week after Bank of England Governor Mervyn King said Britain faced a muted economic recovery. Gilts were little changed.


    source_http://www.bloomberg.com/news/2013-02-18/pound-falls-to-seven-month-low-after-weale-comments-on-exports.html

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    The pound fell to the lowest level versus the dollar in more than seven months after Bank of England policy maker Martin Weale said that U.K. exports may benefit from the currency’s decline.

    Sterling weakened against all but one of its 16 major peers. Futures traders reversed their bets that the British pound will gain against the U.S. dollar, weekly figures from the Washington-based Commodity Futures Trading Commission showed. The U.K. currency dropped last week after Bank of England Governor Mervyn King said Britain faced a muted economic recovery. Gilts were little changed.


    source_http://www.bloomberg.com/news/2013-02-18/pound-falls-to-seven-month-low-after-weale-comments-on-exports.html

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    The pound declined for a third day against the euro, approaching the lowest since October 2011, before the Bank of England releases the minutes of this month’s policy meeting.

    Sterling was little changed against the dollar after yesterday dropping to the lowest since July. U.K. government bonds declined, with the yield on the 10-year gilt about seven basis points from the highest in more than 10 months. The Bank of England’s Monetary Policy Committee kept its main interest rate at a record-low 0.5 percent and its asset-purchase target at 375 billion pounds when it met on Feb. 7.


    source_http://www.bloomberg.com/news/2013-02-20/pound-weakens-third-day-versus-euro-before-boe-minutes.html

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    The pound fell for a second day against the euro after a government report showed the U.K. economy contracted in the last three months of 2012, sapping demand for the nation’s currency.

    Sterling slid for a seventh day against the yen as Bank of England Deputy Governor Charles Bean said it may be appropriate to review the U.K.’s inflation-targeting regime. The pound has overtaken the yen as the world’s worst-performing major currency this year as speculation the Bank of England will add more monetary support to the U.K.’s faltering economy damps demand for sterling. Gilts rose.


    source_http://www.bloomberg.com/news/2013-02-27/pound-weakens-for-second-day-versus-euro-before-u-k-growth-data.html

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