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Last week sterling was in good shape. Following good figures on British economy were released, the pound gained in strength versus USD and the euro. But poor property market figures led the British pound to drop again. Traders remain low on confidence surrounding the UK, due to the severe debt problems of the nation. Traders on the currency exchange are still panicky around the pound and shall probably stay that way until the national election takes place in May. It is expected that there wont be an obvious winner which is also negative news for the country.