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Tuesday, July 20, 2010

British Pound Weighed By Weakening Outlook, Euro Pares Advance Ahead of U.S. Trade

The British Pound extended the decline from the previous day and slipped to a low of 1.5174 during the European trade as the economic docket reinforced a weakened outlook for the U.K., and the exchange rate may continue to trend lower going into the North American session as investors hold a cautious outlook for the region.

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[Source: DailyFX Forex Market News]

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