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Friday, July 16, 2010

Pound Pushes Higher as it De-Couples from Risk, Ignores Yield Expectations

The Pound continues to trend higher as the improving outlook for Europe has bolstered the British unit. A successful Spanish bond auction has added to signs that a market exists for European sovereign paper, reducing concerns that the debt crisis will become a contagion that could spread to the U.K.

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[Source: DailyFX Forex Market News]

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