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From the Wall St Journal " ...Sterling has dropped by nearly 7% against the Australian dollar since early August, trading around A$1.90. "Economic data in the U.K. generally point to a decent recovery. But Bank of England Gov. Mervyn King reminded markets this week that U.K. interest rates still have room to fall, leading to a weaker pound. His suggestion to lawmakers Tuesday that a drop in official deposit rates could be a "useful supplement" to monetary policy shoved sterling sharply lower." So now you know who to blame - Mervyn King.