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Pound Strengthens From 4-day Low Against US Dollar

5/1/2012 9:32 AM ET

Rebounding from early European session's 4-day low of 1.6194 against the US dollar, the pound rose as high as 1.6242 before holding steady around 9:20 am ET Tuesday. The cable is presently worth 1.6240 with 1.6260 seen as the next likely resistance level in the near-term.

by RTT Staff Writer

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