Pound Has Worst Quarter Since 2009 as `Brexit' Risk Takes Hold

  • Trade-weighted measure of sterling has dropped 5.4% this year
  • BOE slow to raise rates even if inflation picks up: Rabobank

U.K. Conservative Party Division Over ‘Brexit’

The pound is heading for its worst quarter since 2009 as traders brace for the U.K.’s referendum on membership to the European Union, preparing for the risk that investment inflows will dwindle.

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