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Monday, March 9, 2009

Sterling UP After sharp Anjlok Ads

Monday, March 9, 2009
Movement of sterling exchange rate against U.S. dollars in trade today (10/03) experienced slight improvement. Today sterling yesterday after a sharp decline in line with the process of takeovers by Lloyds Bank of the UK government.

In the trade these days is up sterling 1.3846 dollars at the position. Sterling this position have increased compared to the closing of U.S. exchanges early days earlier in the level of 1.3775 dollars.

In the trade yesterday setrling exchange rates had decreased sharply to the lowest position since 26 January, at the level of 1.3740 dollars.

Analyst Research Vibiz dar Vibiz Consulting sterling rate movements that day is still colored potential retreat. Later on the evening of the data will be released in the UK manufacturing and production is still estimated to be decreasing.

Analyst Research Vibiz from Vibiz Consulting estimates that the sterling exchange rate movements on trade this week will likely be in the range 1.3688 - 1.3950 dollars.

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