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Analysis: Hard or soft Brexit aside, pound nervous of economic slowdown

Reuters  |  LONDON 

By Patrick GrahamLONDON (Reuters) - Last week's shocking British election result and the period of political uncertainty that looks set to follow may have come at the worst of times for the country's economy and the value of the pound sterling. Until 10 p.m. London time last Thursday, Prime Minister Theresa May's decision to call the snap poll did not look like a pivotal point for the most-sold major currency of last year.Sterling lost almost a fifth of its value between June 2016, when Britons voted to leave the European Union, and November. Many had begun to assume that would be the full ...

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First Published: Wed, June 14 2017. 20:48 IST
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