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Brexit or Remain, Pound Is Set for Big Swings as EU Vote Looms

  • Gauge of anticipated short-term volatility surges to record
  • A vote to leave would mean even more all-time highs: RBC

It’s almost upon us: the week when Britain takes the historic decision of whether to remain in the European Union. And whatever the polls say in the days to come -- and regardless of the result on June 24 -- the pound is set for a wild ride.

One-week anticipated volatility surged Friday to the highest on record, posting the biggest increase among more than 40 global currencies tracked by Bloomberg.