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London Markets Are Bracing for Brexit-Fueled Trading Bonanza

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Why Investors Should Fight the Brexit Fear

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Markets in London are bracing for what could be a wild ride in everything from foreign-exchange to stock trading as the U.K. votes on European Union membership.

Voting booths will close at 10 p.m. on June 23, and the City’s traders could face anything from a market maelstrom to a whimper as results trickle in during the early morning hours on Friday. Bank of America Corp. expects a 10 percent downward jolt in equities if the country votes to leave the EU. Billionaire investor George Soros warned that the pound, the bellwether trade for Brexit watchers, could plunge more than 20 percent should voters back leaving.