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Sterling roars back from an early slide following news the U.K. economy reentered recession in...

Sterling roars back from an early slide following news the U.K. economy reentered recession in Q1, now +0.2% for the day. The pound has had a big 2012, rallying hard against the greenback and lately against the euro as well. Pawel Morski notes the U.K. economy has performed worse post-2008 than it did post-Great Depression. Is sterling set for a fall?
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