Delphine Strauss writes in the FT, "Fresh evidence of the UK’s accelerating recovery propelled the pound to a five-year high against the dollar last week – just as Burberry became the latest in a string of companies to warn that the exchange rate would hit 2014 profits." The GBP is on the rise as the UK is growing faster than other big economies, but wonks warn that a too-strong pound could kibosh that very recovery.

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Today, in celebrating its 25th birthday, CNBC will have you know that stocks, which have generated returns of over 500% in the past 25 years, are the best asset because, well, "where else are you going to put your money." So if you said the S&P500 is the best performing "asset" class in the past 25 years you would be... wrong.

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FXStreet (Łódź) - Greece held its first sovereign debt auction since 2010 on Thursday, during which it sold 3 billion euros of 5-year notes, exceeding the target of 2.5 billion euros. The average yield was at 4.95%, below the projected 5-5.25%.
Greek Deputy PM Evangelos Venizelos said following the auction that the “bond issue proves that Greek debt is sustainable.”
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