Pound slumps, more losses expected

zzzzhu456

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After hitting a high of almost $1.44 against the US dollar last week the British pound has made a stunning reversal and has slumped down below the $1.40 mark and the way things are looking, we may not have seen the bottom yet.

The turning point for the British currency began last week with numerous releases of disappointing economic data but it was comments from Bank of England Governor Mark Carney about the central banks futureplans for interest rates the really piled pressure on the pound
 
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