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Brexit: Pound likely to sell off even if U.K. votes to stay
Market strategists have touted Thursday’s Brexit referendum as an event with potentially unprecedented consequences for financial markets. But the action in markets so far has been anything but unique. Trading in the British pound ahead of the referendum on the U.K.’s membership in the European Union has often mirrored the run-up to the 2014 referendum on Scottish independence. And that could portend a selloff for the U.K. currency in the coming weeks—even if voters elect to stay in the European Union, market strategists said. Adam Button, chief currency analyst at ForexLive, highlighted the similarities in a ... (full story)
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