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Brexit: British pound optimism a bit premature?
The frenetic world of currency trading has little in common with the tranquil lifestyle savored by many British expatriate pensioners, seeing out their last years in the warm Spanish winter. The silver sun worshippers and dealers of the world's most-swapped currencies do, however, share a common distraction; they both remain gripped by the ongoing parliamentary tussle over Brexit. The British pound — the world's fourth most traded currency — has been in the doldrums since Britain voted in June 2016 to renounce its membership of the European Union. Sterling, as it is also known, plummeted between 15 and 20 percent ... (full story)