Thursday, July 17, 2008

Pound Falls on Report Treasury Working to Reform Fiscal Rules

By Stanley White

July 18 (Bloomberg) -- The pound fell after the Financial Times reported the U.K.'s Treasury is working on plans to reform fiscal rules in Britain that may boost borrowing.

The U.K. currency fell to $1.9974 as of 7:48 a.m. in Tokyo, from $2.0038 yesterday. It was at 79.35 pence per euro, from 79.16 pence.

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