US Dollar Hits 20-month High Against UK Pound, As UK Loses AAA

THE GREENBACK makes the touchdown! The US dollar rose to its highest point against the pound in 20 months last month, or since July 9th 2010, at 0.6618. This is because credit rating agency Moody’s has stripped the UK of its prestigious AAA credit rating, citing “continued weakness in the medium-term growth

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