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Pound Drop Seen Short-Lived as Negativity Overdone, Analysts Say

  • U.K. set to start official process of leaving European Union
  • Don’t expect sharp sustained sterling selloff: MUFG’s Halpenny
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Brexit Triggered: What Happens Now?

For now, the pound may have fallen far enough.

After sterling’s slide of more than 16 percent since Britain voted out of the European Union in June, room for further declines is limited until there is more clarity on how Brexit negotiations will pan out, analysts say.