Dealers call sterling recovery mid-2010
LONDON - The sterling's slide against the euro last week will be short lived, according to analysts, who expect the UK unit to stage a recovery from the global economic crisis ahead of its European peer.
Analysts said the medium-term picture for the unit is more challenging, with last Thursday's (August 6) decision by the Bank of England (BoE) to increase asset purchases by £50 billion to £175 billion, and maintain rates at 0.5% dampening yields. The UK unit hit a low of 0.85 last week on the
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