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Sterling’s gains unlikely to be sustained: Capital Economics

Quotes from Capital Economics:- Sterling is one of the only major currencies to have appreciated against the US dollar over the past month. However, we doubt its renewed strength will last.- We forecast sterling's exchan…

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Quotes from Capital Economics:

- Sterling is one of the only major currencies to have appreciated against the US dollar over the past month. However, we doubt its renewed strength will last.

- We forecast sterling's exchange rate against the dollar to fall back towards our end-year forecast of $1.50 from its current level of around $1.54.

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