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Pound Slides Most in Two Weeks as Carney Sees `Brexit' Risks

  • U.K. currency falls first time in seven days versus dollar
  • `Brexit' debate has increased market volatility: Carney
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BOE‘s Carney Accused of Bias Over `Brexit' Stance

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The pound had it biggest drop in almost two weeks versus the euro as Bank of England Governor Mark Carney said Britain’s potential exit from the European Union would hurt the City of London and worsen risks to financial stability.

Sterling also fell against the dollar, ending its longest winning run in eight months as Carney told lawmakers in London that the debate had increased volatility. It was “without question” that the financial industry would lose some business if Britain quit the world’s largest trading bloc, he said, echoing the sentiments of lenders including Goldman Sachs Group Inc. and HSBC Holdings Plc.