Salient to Investors:
Ian Stannard at Morgan Stanley says the British pound’s subdued response to recent signs of UK growth points to declines to $1.45 by the end of Q3 and to $1.41 by the end of 2013. Stannard said the UK services sector is the most important part of the UK economy though historically not enough to support the pound on its own.
Read the full article at http://www.bloomberg.com/news/2013-07-09/pound-seen-tumbling-to-four-year-low-by-morgan-stanley-on-growth.html
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