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Pound to drop below the euro – weakened by threat of Labour victory, bank predicts | City & Business | Finance

Hans W Redeker, a foreign exchange strategist with Morgan Grenfell, said that the pound would be coming under “profound selling pressure over the next few quarters”. Morgan Grenfell, one of the world’s oldest merchant banks which is now owned by Deutsche Bank, has now joined with HSBC Holdings in predicting …

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