Currency

Seven Things to Know About the Pound's Depreciation

The "flash crash" extends the response to the U.K. government's signal that it favors a "hard" departure from the EU.

Stormy weather.

Photographer: Niklas Halle'n/AFP/Getty Images

Although the last leg in the pound's downward trajectory occurred suddenly and included a brief "flash crash" on Friday, the drivers of the decline have been long in the making, and the implications have yet to play out.

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