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Le Pen Could Boost the Brexit-Battered Pound
Political turmoil on the other side of the English Channel may give the pound an improbable respite from its Brexit-induced weakness. A presidential-race victory for France’s National Front leader Marine Le Pen, whose opposition to the euro is one of the hallmarks of her campaign, could throw into doubt the future of the both the currency bloc and European Union, and so boost sterling’s allure, according to fund managers. While polls suggest Le Pen’s prospects of winning the second round are slim, investors aren’t ignoring the possibility, given 2016’s big market surprises such as Brexit and Donald ... (full story)