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Eurosterling

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Eurosterling
A British pound deposit in a bank outside the jurisdiction of the Bank of England; that is, outside the United Kingdom. The eurosterling is also called the europound.

The term has nothing to do with the euro, and the prefix "euro-" is used generally to refer to deposits outside the jurisdiction of the local central bank, such as in "euroruble."


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The impact of the increase in the top rate of tax to 50% from next April will mean that, for 2010-11, even if the eurosterling exchange rate remains around 1.
Panel C shows that the 3-month Eurosterling risk premium is slightly greater than 7 bps (16).
Last month Tesco Ireland introduced a eurosterling price parity on all its clothes as part of a EUR 20million price restructuring.
 
 
 
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