Forex - Euro falls, pound surges as investors reassess rates outlook
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The euro continued to drop while the pound rallied, as investors reconsider their forecasts for interest rates in the euro zone and United Kingdom.
Softer economic data from the euro zone — with the German Ifo indicator falling unexpectedly on Thursday and M3 money supply easing to an annual rate of 10.3 percent in March — has cast doubt on the ability of the region to ‘de-couple’ from the U.S. recession and global financial crisis. Read more
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