mrcash
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Pound Rises Versus Euro, Dollar - 2008/10/14 19:28
Hey guys  . Britain's pound rose against the euro and dollar as U.K. stocks advanced for a second day after the government bailed out three of the country's major banks.
The currency climbed to the highest level versus the dollar and euro in almost a week as the U.K. equity benchmark, the FTSE 100 Index, gained 14 percent in two days after the government invested 37 billion pounds ($64 billion) to rescue Royal Bank of Scotland Group Plc, HBOS Plc and Lloyds TSB Group Plc.
The pound advanced to 78.11 pence per euro by 11:22 p.m. in London, rising for a third day, from 78.31 yesterday. Against the dollar, the U.K. currency climbed to $1.7590 from $1.7341.
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