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Euro and pound down on the dollar
the euro and the pound both fell against the dollar on friday following the news that the us economy is shrinking less quickly than expected .
and with both the european central bank and the bank of england expected to cutting interecast rates next week, the euro and the pound could fall further .
the us interecast rate cut on wednesday had sent both currencies higher against the dollar .
the euro fell to $1.272 announceduce the pound to $1 621 .