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Realistbear

Traders Caught Long On Sterling

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http://uk.biz.yahoo.com/01092009/325/pound...onomy-view.html

Tuesday September 1, 11:48 AM

Reuters

Pound falls, weak PMI casts doubt on economy view

By 11:27 a.m., sterling had fallen roughly 0.3 percent to the d

LONDON (Reuters) - Sterling fell on Tuesday, wiping out early gains and approaching a near three-month low versus the euro after a surprisingly weak reading of manufacturing cast doubt on the economy's recovery prospects.

The green shoots brigade are taking a battering today from Reuters! One bad-news story after the other. September could be quite a good month for those wishing to see house prices bear a sensible relationship to earnings.

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