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GBP reverses the day's gains, falling......>

STERLING
STERLING: GBP reverses the day's gains, falling through $1.30 with little
difficulty as Bloomberg reports that the EU are targeting the City of London's
grasp on European finance by rewriting MIFID rules and removing the concessions
made to the UK when the regulations were drawn up. $1.2941, yesterday's low,
becomes the first target for bears.

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