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UK August car registrations fell 17.5% y/y – SMMT

By   || September 6, 2010 at 08:04 GMT
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Cable slides to session low 1.5435, presently at 1.5440.

Second consecutive monthly fall.  The Society of Motor Manufacturers and Traders (SMMT) says market will remain tough for the rest of the year.

Elsewhere gilts higher, 10-year yield below 3% at 2.97%. So much for all that clap-trap about sharply higher interest rates.

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