Pound Traders Regroup After Brexit Vote Almost No One Envisioned

Updated on
  • HSBC, Gain Capital, Janus now warn of decline to $1.20s
  • Index of top currency-fund returns rises most in 10 months

Will Sterling Rise Under Brexit Adjustment Process?

The pound just had its worst day ever, and few analysts expect the U.K. currency to recover all of the losses that sent it to the lowest level since 1985 -- at least, not in the foreseeable future.

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