How to benefit from a weaker pound

- By FX Markets Staff
- @FXMarkets_
- 23 May 2005

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BACKGROUND: After defying gravity for four months, it now seems that sterling may well be coming down to earth with a bump. Although at first sight the official April retail sales numbers appeared to offer a degree of hope for the consumer, in truth the report contained little genuine reason for cheer (with the annual rate of sales growth falling to a two-year low, for example). When considered alongside the downbeat April retail surveys from the British Retail Consortium and the Confederation

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