Hi, I use 'Yours sincerely' when I write a business letter on paper. Rarely on an email. I never use 'Yours faithfully'.
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Anonymous was told that when you are writing a business letter to someone you have a business relationship with then you should use 'yours faithfully', as an expression of your committment to the business relationship. You then use 'yours sincerely' for letters where there is no business relationship (contract) and the recipeint is relying on your sincerity as to the