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Sterling fall is a life-saver for UK economy
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By Ambrose Evans-Pritchard
Telegraph¡§17 Dec 2008
The sharp slide in the pound has been a godsend for the UK economy and may have helped
Britain avert a much more serious crisis, according to the German bank Dresdner Kleinwort.

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"If the currency had not gone down so far, think how much worse it could have been. A weaker
sterling is just what you need in the current situation," said David Owen, the bank's chief
economist for developed markets .

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http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/3795136/Sterling-fall-is-a-life-saver-for-UK-economy.html


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