Since the financial crisis struck in 2008 and the public finances unravelled, Britain has had just two weapons in its armoury to fend off recession: low interest rates and the weak pound.
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Forex Flash: low expectations at the EU Summit would favour the USD – Danske Bank
Forex Flash: low expectations at the EU Summit would favour the USD – Danske Bank
FOREX-Euro weak as sentiment sours before EU summit – Reuters India
LONDON, June 25 (Reuters) – The euro fell broadly on Monday as concerns about stuttering global growth and low expectations of progress in tackling the debt crisis at a European summit later in the week weighed on demand for riskier currencies.