Sterling Decline `a Foretaste' of Brexit Turmoil, Hammond Says

  • U.K. foreign secretary warns of markets' negative reaction
  • Possibility of exit `chilling' for business confidence

How Much Lower Can the Pound Go?

The collapse in the value of the pound provides “a foretaste” of the market turmoil that would follow a vote for Britain to leave the European Union, Foreign Secretary Philip Hammond warned on Thursday.

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