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Pound Hits 26-Year US Dollar High


Business  (tags: economy, dollar, market, economy, UK, US )

Brian
- 2368 days ago - news.bbc.co.uk
When UK rates are higher than US rates, investors are encouraged to exchange dollars for pounds to benefit from better rates of return. The pound rose as high as $2.066 in earlier trading, before paring gains to $2.064. It also gained versus the euro.



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