The British pound appreciated marginally vis-Ã -vis the U.S. dollar today as cable tested offers around the US$ 1.6475 level and was supported around the US$ 1.6355 level. Prime Minister Brown downplayed perceived differences with Bank of England Governor King and said the BoE, Financial Services Authority, and U.K. Treasury €œhave got to work together.€ BoE Monetary Policy Committee member Barker reported results from quantitative easing have not yet €œresulted in terms of banks being in a better position to start to lend.€ Barker added the BoE expects the economy to begin growing by the end of 2009. Cable bids are cited around the US$ 1.6185 level. The euro moved higher vis-Ã -vis the British pound as the single currency tested offers around the ‚¤0.8610 level and was supported around the ‚¤0.8575 level.
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