Monday, May 18, 2009

Pound to Rally After 20% Slump Makes British Real Estate a `Screaming Buy'

While the Bank of England said it expects a “protracted” economic recovery in the U.K., where unemployment is the highest since Prime Minister Gordon Brown’s Labour Party came to power in 1997, investors from Millennium Asset Management to Mellon Capital Management Corp. are betting the pound’s decline is coming to an end.

@ Bloomberg News |

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