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Sterling continues to rise against the greenback (a new 2012 high today), but it's weaker vs....

Sterling continues to rise against the greenback (a new 2012 high today), but it's weaker vs. the euro after the BOE complains about its strength (meeting minutes earlier). "The deterioration in U.K. competitiveness over the past couple of years represented a potential headwind to the ability of U.K. exporters to benefit from a pickup in global growth." FXB +4.3% YTD.
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