Steven Saywell, global head of FX strategy at BNP Paribas, says sterling is undervalued and a rate hike from the Bank of England at the end of 2014 could push the currency higher.
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CNBC's Steve Liesman highlights key takeaways from Fed chief Ben Bernanke's speech, including Chinese currency policy and Europe's debt problems.
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The International Monetary Fund said on Wednesday it remains concerned with the potential for a property price bubble in China even though the country's elevated inflation rate may peak within the next month or two.
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The U.S. Treasury Department ruled on Friday China was not manipulating its currency to gain an unfair trade advantage, but said Beijing still needs to allow the yuan to rise much faster in value.
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