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Sterling back above US$1.30 as sellers take breather

Friday, July 8, 2016 - 05:50

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Sterling clawed its way back above US$1.30 on Thursday as investors, buoyed by a modest revival in risk appetite, booked profits on bets made against it, though the outlook for the currency remained grim after Britain's shock vote to leave the EU.

London

STERLING clawed its way back above US$1.30 on Thursday as investors, buoyed by a modest revival in risk appetite, booked profits on bets made against it, though the outlook for the currency remained grim after Britain's shock vote to leave the EU.

As European stock markets

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