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Sterling Falls As Bank Of England Lowers Growth Forecast
Posted on May 13, 2009 at 09:48 AM EDT
Stock market indexes took another leg down with FTSE (^FTSE) breaking the shackles of 4400 and the S&P 500 (^GSPC) dropping back below 900. Sterling saw yesterday’s (Tuesday) gains reversed as the Bank of England lowered its growth forecasts. As a rule I don’t like trading against the trend, but I tend to make ...
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