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Olympic Boost to Pound Dismissed by Barclays Before Games Start

An influx of Olympic Games visitors to the U.K. won’t help to lift Britain’s pound if history is any guide, Barclays Plc said.

“The Olympics will be an important event but they aren’t going to have an impact on sterling,” Sara Yates, a foreign-exchange strategist in London, said by phone today. “Looking at past Olympics, it is not clear that sentiment has been boosted enough to lift the currency. Also the Olympics is going to cause disruption and that could offset any positives.”