(Bloomberg) -- The pound may decline as traders judged a rally that took Britain's currency to a 25-year high last week against the dollar was too rapid.
The U.K. pound soared to $2 for the first time since September 1992 when speculators forced it out of the European system of linked exchanged rate. Travelex Plc, a foreign exchange specialist, said its retail dollar sales have risen by 150 percent since the pound rose above $2. The company also expects corporate demand for the dollar to increase.
Read more at Bloomberg Currencies News
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