In the U.S. the economic recovery has surprised with its strength since last fall, just about every economic report exceeding consensus forecasts.
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Last week, the pound suffered its biggest weekly loss since early June 2012 after a weak retail sales report for January added to worries about the economy.
BBC: Pound continues to weaken against dollar and euro
It announced the move last week, and also said that it had improved its performance since the time featured in the committee's report.
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