British Pound Bounces Back as BoE Sees Risks For Inflation, Euro Extends Previous Days Decline

The British Pound bounced back from a low of 1.5185 during the European trade as the Bank of England dropped its dovish outlook for inflation, and the central bank may see scope to start normalizing monetary policy going into 2011 as it aims to balance the risks for the region.

Read More British Pound Bounces Back as BoE Sees Risks For Inflation, Euro Extends Previous Days Decline

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