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The pound seems to be on a free-fall, having fallen by more than 7 per cent against the dollar, in the last two months.
Yesterday, the pound fell by about two cents in forex trading, or 100 points, to touch $1.4993, before rebounding to $1.5019, in later trade.
This is the first instance, in two and a half years, of the sterling trading below the symbolic $1.50 mark.
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