2012-04-17bloomberg.com

Here comes another salvo in the currency wars: ``The pound's "significant" drop since 2008 hasn't been enough to make U.K. exports competitive on world markets, and a future decline in the currency is inevitable, according to John Mills, the author of the Civitas report published in London today. A devaluation of as much as 15 percent would balance the U.K.'s trade deficit, he said.''


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