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Why the British Pound Is Stronger Than the U.S. Dollar

The British pound (aka Sterling) has been nominally stronger than the USD for most of the past few decades, making a high just over 2.0000 USD per GBP around the time of the Great Financial Crisis (GFC) of 2008/2009. The GFC saw investors flee to the USD and out of the pound, among other major currencies. Once the GFC dust had settled, GBP had dropped to the 1.4000/4500 level. Read More...

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U.N. deplores ‘dire’ rights situation in Ukraine

STORY: The Office of the High Commissioner for Human Rights (OHCHR) said in a report that it was particularly concerned about torture and ill treatment of detainees by Russian forces and affiliated armed groups, but said there had been rights violations by both sides.The head of mission for the U.N. Human Rights Monitoring Mission in Ukraine (HRMMU), Matilda Bogner, held a news conference to present the report.Kyiv and Moscow did not immediately comment on the report, carried out between February 1 and July 31 and based on work of the United Nations Human Rights Monitoring Mission in Ukraine. Both sides have denied allegations of human rights abuses.The OHCHR said it had documented violations by both sides of human rights laws and international law on the treatment of prisoners of war and non-combatants.It said the alleged violations included extrajudicial executions, torture and ill-treatment, sexual violence, ignoring fair trial guarantees, denial of medical assistance, lack of food and water, and poor sanitation.

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