Summary
THE pound fell in value against the US dollar yesterday despite comments from prime minister Tony Blair that the government had no intention of intervening in the foreign exchange markets.
Addressing a Downing Street news conference, the prime minister said: "It's not our intention to intervene in the market in relation to the pound."See the full content of this document
Extract
Government Rules Out Currency Intervention
Sterling hit an 11-year high of $1.9140 against the ...
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