Soaring Pound at Its Highest Since 1981

Daily MailNovember 08, 2007

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Summary


THE pound soared to a 26-year high against the dollar last night - good news for transatlantic travellers, but a blow to exporters.

Sterling jumped above $2.10, its highest level since May 1981, in a day of frenzied trading across world financial markets.

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Extract


Soaring Pound at Its Highest Since 1981

The pound's extraordinary strength was a result of speculation that Chin...

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