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As the dust begins to settle after the market mayhem of the last few days, we are still no clearer on where things are headed for the pound.
The pound reached its lowest price against the dollar on Monday morning, dipping below 1.32 briefly but it somehow managed to keep its head above this significant level for the time being, closing above 1.33 for the day. If we see the pound close below 1.32 the next level to really take account of will be 1.20.
Cable has been fairly stagnant on the morning of Cameron’s first meeting in Brussels with the EU ... (read more)