Traders Doubt Bank Of England Made Million Dollar Euro Profit
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LONDON -- Currency traders and analysts in New York and London think it highly unlikely the Bank of England made a $1 million profit by selling euros during recent joint action by leading economies to support the euro.
They were commenting on a Times newspaper report in London that the UK central bank may have made a profit from its role in joint currency market intervention to support the beleaguered single currency. The report said the UK treasury authorised the bank to sell the bulk of the
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