Your Pound Will Soon Be Worth $2, but Is It Such a Good Thing? ; Britons Are Flocking to New York for Festive Bargains. The Cost of Uk Borrowing Is Less Likely to Rise and Inflation Could Even Fall. But the Experts Are Worried

Summary

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STERLING'S surge against the dollar is helping debt-laden Britons. As the Bank of England meets this week to discuss borrowing costs, the strength of the pound has lengthened the odds on another rise in interest rates.

The pound ended last week worth $1.98, up almost five cents over the week, but few expected the slide in the value of the dollar to stop soon.

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Extract

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Your Pound Will Soon Be Worth $2, but Is It Such a Good Thing? ; Britons Are Flocking to New York for Festive Bargains. The Cost of Uk Borrowing Is Less Likely to Rise and Inflation Could Even Fall. But the Experts Are Worried

Most analysts expect the pound to be worth $2 within a few days and some expect the dollar's slump to go even further and be highly damagi...

See the full content of this document

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