Thursday, April 19, 2007

Pound Declines Below $2 on Concern Gains Too Rapid, Carry Trade Unwinding

(Bloomberg) -- The British pound fell below $2 after pushing above that level on April 17 for the first time in 15 years.

Against the dollar, the pound was trading at $1.9994 as of 7:53 a.m. in London, from $2.0086 late yesterday, when it reached $2.0133, the strongest since June 1981.


Read more at Bloomberg Currencies News

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