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Nov 10
2006
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Currency ExchangePosted by Webteam in Untagged |
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GB Pound hits 14-year dollar high
The pound has hit a 14-year high against the dollar.
By early afternoon trading in Europe, the pound was at $1.9924, after earlier hitting $1.9958, its highest level against the dollar since 1992.
UK interest rates are currently at 5.50%.
Dollar weakness
The strong pound is good news for UK residents planning to purchase in the US.