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Sterling defiant after UK shows strongest GDP growth in 3 years

Preliminary optimistic data on UK GDP pulled the sterling pound from a downwards trend position up against the US dollar and the euro

By Richard Nehme | Oct. 25, 2013 12:36 BST
Euro continues to benefit from weaker USD
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USD slid to a two year low versus the euro as Federal Reserve tapering becomes even more unlikely. The government shutdown cost the US $24 billion according to Standard & Poor’s, so markets are betting on the FOMC delaying stimulus reduction [...]

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