There is nothing surprising in the fact that the pound continues to suffer amid fears about how the Chancellor's fiscal tightening will hit the economy and the growing feeling that a favor for fiscal consolidation, Mervyn King, implement the enhanced QE, when it will be necessary. Monetary Committee will meet next week, so the data this week on GDP for the third quarter and the CBI survey results will have a significant impact, especially if you come out weak. Cable rose this morning, but growth was sluggish, as the pound has lost more stability than the euro and the Australian.
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