Pound Plunges

10/24/2008 3:13 pm EST

Focus: FOREX

Thomas Aspray

, Professional Trader & Analyst

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One of the many astounding financial developments recently has been the drop in the British Pound from over 2.00 in July to below 1.60. We interviewed several experts in London last December at the World Money Show (see arrow) who warned that the Pound was overvalued—they were definitely right!

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