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Decline of UK Service Industries Hurts Pound Posted: 05 Sep 2011 07:01 AM PDT The Great Britain pound tumbled today as the Services Purchasing Managers’ Index slumped in August, confirming a bad state of Britain’s economy and reducing attractiveness of the UK currency as a haven from problems in continental Europe.(...) |
Euro Sinks After Merkel’s Party Loses Election Posted: 05 Sep 2011 05:51 AM PDT The euro plunged today, falling for the fifth consecutive session against the US dollar and the Japanese yen, after Germany’s ruling party lost election.(...) |
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