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Sterling: special focus
Sterling has dropped to its lowest level in over two years as the prospect has heightened of further monetary easing in the UK to ward off a triple-dip recession. The Bank of England's (BoE) seeming desire for a weaker currency, and its willingness to suspend its inflation target, has only added to the pressure on the pound. Now, with the UK government mulling a possible change in the central bank's mandate, the currency looks set to face further headwinds. Euromoney investigates.
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