tagged w/ GBP
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X Factor
2010 final Painter and decorator Matt Cardle becomes a pop star after winning the X Factor, beating Rebecca Ferguson and One Direction.He was the bookies’ strong favourite but after laryngitis and a late surge from rival Rebecca Ferguson, it was touch and go for a while back there. Still, stubbly painter and decorator Matt Cardle, 27, is the newly-crowned winner of The X Factor.X Factor
2010 final Painter and decorator Matt Cardle becomes a pop star after... more
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Charlie Gilmour, the son of Pink Floyd guitarist David Gilmour, attempted to start a fire at the entrance of the Supreme Court during the student protests against tuition fees.Charlie Gilmour, the son of Pink Floyd guitarist David Gilmour, attempted to start a... more
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Recently News Updates Spiderman The Musical hits the stage on November 28. Troubled Broadway musical SPIDER-MAN: TURN OFF THE DARK encountered a last-minute problem on Saturday (27Nov10)......Recently News Updates Spiderman The Musical hits the stage on November 28. Troubled... more
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Manufacturer and marketer of processed foods, primarily canned vegetables, fruit and tomato products.Del Monte, the US food production and distribution company known for its "man from Del Monte" ads, is set to be taken over by a group of private equity ...Manufacturer and marketer of processed foods, primarily canned vegetables, fruit and... more
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* Sterling hits 6-month high of $1.5968 GBP=D4
* Next target $1.5970, strong resistance seen ahead of $1.60
* Dollar hurt broadly by lower U.S. growth, rates outlook
LONDON, Aug 3 (Reuters) - Sterling hit a six-month high against a broadly weaker dollar on Tuesday, lifted by expectations the UK will continue to recover after recent upbeat economic data and robust bank earnings.
The pound also benefited from across-the-board weakening of the U.S. dollar on concerns about a slowing U.S. economy and speculation of further monetary easing by the U.S. Federal Reserve. [FRX/]
The pound rose to as high as $1.5968, its highest since early February, stopping just short of $1.5970, the 61.8 percent retracement of its move down from a high in August 2009 of $1.7044 to May's low of $1.4225.
Analysts and traders, however, believe sterling will face stiff resistance on the approach to $1.60, both because it is a key psychological level and due to reported options barriers around there.
"Sterling has had a really good run recently, but it needs fresh impetus to make a sustainable break above $1.60," said Audrey Childe-Freeman, currency strategist at Brown Brothers Harriman.
By 1527 GMT, the pound was 0.3 percent higher on the day at $1.5939 GBP=D4.* Sterling hits 6-month high of $1.5968 GBP=D4
* Next target $1.5970, strong... more
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Pezz
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added this
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1 year ago
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The pound is at its lowest since 1985. It's slumped to 1.36 against the dollar and 1.06 against the Euro. If you're planning a holiday, you might want to keep your sights within the UK (unless you live in the US or Europe, in which case you should probably come here now).The pound is at its lowest since 1985. It's slumped to 1.36 against the dollar... more
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