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The crashing pound is 'both a symptom of Brexit concerns and also part of the cure'

It's been a rough couple of days for the British pound. The currency tumbled to a 31-year-low against the dollar after Prime Minister Theresa May's weekend statement that Article 50 would be triggered by the end of March 2017, beginning the official process of Britain leaving the European Union. There were also recent reports that the UK could be heading for a"hard Brexit" — or a deal whereby the UK would pull out of the European single market, which in turn would allow the government to end the free movement of people.
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