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2010.07.2008:53:00UTC+00Pound Plunges To 1-week Low Against Franc

The pound lost ground against the Swiss franc in European session on Tuesday. The pound fell to a 1-week low of 1.5965 against the franc at 7:40 am ET, compared to yesterday's close of 1.6072. On the downside, the pound may target around the 1.584 level. As of now, the pound-franc pair is worth 1.5970.

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