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The pound is finally rising!

Sterling has finally found the bottom and now it is picking itself up off that floor. The pound is up over 1% against the dollar in early trade in London on Wednesday morning, having touched a low of $1.2106 overnight. Here is how the pairing looks at close to 7.10 a.m. BST (2.10 a.m. ET):As you can see from the above chart, part of the reason it is rising is because the pound collapsed against the dollar overnight to a new 31-year low (the red line signifies where the pound was when midnight came.
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