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Pound Nears Three-Decade Low as May Sets Date for Brexit Trigger

The pound approached a three-decade low set in the days following the Brexit referendum after U.K. Prime Minister Theresa May said she'll begin the process of withdrawal from the European Union in the first quarter of 2017....Prime Minister May said she'll invoke Article 50 of the EU's Lisbon Treaty -- which triggers a two-year withdrawal process -- by the end of March. She also promised to control immigration while retaining access to the single market, though the details remain hazy.
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