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Bloomberg Markets and Finance features news about financial markets from around the world. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
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Bloomberg Markets and Finance published this video item, entitled “Pound May Fall Vs. Dollar Amid Recession Risk, Credit Agricole Says” – below is their description.
Jan.06 — The pound is set to weaken against the dollar as the U.K. faces the risk of a double-dip recession and a rate cut by the Bank of England, according to Valentin Marinov, head of G10 FX research and strategy at Credit Agricole. “The current levels in cable are potentially a good level to take profit,” Marinov said on “Bloomberg Markets: European Open.”Bloomberg Markets and Finance YouTube Channel
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In This Story: Bank of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government’s banker, and still one of the bankers for the Government of the United Kingdom, it is the world’s eighth-oldest bank.