Call BoE's Weale Hurt Sterling

Monexnews-Sterling plummeting to the lowest position 7-month versus the Greenback following the comments of one of central bank policy makers about the necessity of a further weakening of the currency. United Kingdom economy has been stagnant for the last 2 years and the efforts to further boost exports are also only a small impact, while Sterling suffered depreciation 25% between 2007 and 2008, according to a senior policy maker Bank of England Martin Weale.

Sterling was also burdened by poor economic data is the latest of several United Kingdom, which keeps investors worries about recession. (vid)

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Title Post: Call BoE's Weale Hurt Sterling
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