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Pound Weakens Against U.S. Dollar

8/17/2012 7:36 AM ET

The pound that recovered from its late Asian session's low against the U.S. dollar failed to maintain gains and slipped again in European deals on Friday.

The pound dropped to as low as 1.5689 per dollar with 1.56 seen as the next downside target level. The pound-dollar pair closed yesterday's deals at 1.5735.

by RTT Staff Writer

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