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Brutal Week Batters British Markets as Brexit Risks Crystallize

  • Pound slides with bonds after Conservative Party conference
  • Not everyone’s a loser as stocks, inflation bonds pick up
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Harrison: Pound on 'Downward Path' on Way to Hard Brexit

Britain’s financial markets suffered a tumultuous week as investors woke up to the reality of the U.K. government’s approach to Brexit.

Pound selling, sparked by Prime Minister Theresa May’s timetable for Britain’s withdrawal from the European Union, accelerated throughout the week, culminating in a flash crash on Friday that saw the currency fall 6.1 percent in just a few minutes.