Concerns over Britain's entry into the euro have led to sterling hitting its lowest level in 15 years
So far this year, the UK has enjoyed unique status among global markets, offering reasonable economic growth, a strong and stable currency, an outlook of interest rate cuts and persistently low inflation. Investors quickly fled the downturn in the US but many didn't feel confident enough about growth prospects in Europe to commit significantly. The UK has been a safe staging post. Britain's benign economic environment has certainly been one of the reasons for Labour winning a historic second term of office. The party managed to convince even die-hard sceptics that its new right-of-centre ...
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