Markets Priced for Pain on a ‘Leave’ Vote as Countdown Begins

  • Pound, euro may lose 10% in seconds on Brexit: Upadhyaya
  • European stocks at risk of similar decline, HSBC says
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What if the bookies are wrong?

Hours before voting in the U.K. ends, with polls from previous days indicating a close race, financial markets are leaning toward an outcome where Britons opt to stay in the European Union.