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Pound Vigilantes Limber Up for Battle to Block No-Deal Brexit

  • Sterling is trading at its weakest level in almost a year
  • Further losses could start to build pressure on politicians
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Viraj Patel, FX strategist at ING, discusses the pound and his outlook for the currency.(Source: Bloomberg)
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A public outcry couldn’t do it. Nor could lobbying by businesses, economists or rival politicians. Now currency traders are ratcheting up pressure on Britain and the European Union to avoid a no-deal Brexit.