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Sterling looking to bounce back against the majors

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Investors focus will turn to the budget today announced by UK chancellor Alistair Darling. UK debt will be the centre of attention. The IMF was forced to withdraw a claim that Britain faces a bill of £200bn for the bank bailout. Treasury reports confirmed the figures were inaccurate and issued in error. Sterling is expected to remain fairly choppy today against both the Euro and US dollar. Yesterday was a positive day across the board for the pound.

Wednesday 22 April 2009, 11:50am

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