Data from the Chicago Mercantile Exchange show net short positions against the single currency rising from 39,500 contracts to 43,700 contracts, equivalent to $7.6bn

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The pound suffered after weekend polls suggested that the next UK general election would result in a hung parliament, boding ill for the widening budget deficit

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The pound is caught in global cross-currents. This has brought it down against the dollar and up against the euro. But its future direction may be in the hands of its own central bank and of the UK’s voters, writes John Authers

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Could the ECB cut rates?

On February 8, 2010 By

Steve Barrow, at Standard Bank says the prospect of a eurozone rate cut is slowly returning to investors’ radar screens.

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