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Pound in Freefall Hurts U.K. Bonds as Goldman Sees More Losses

The shadow of a hard Brexit is spreading across Britain's financial markets, with the pound's drop to a 31-year low versus the dollar leading the way...."There's been a sea change in the sterling market," said Jane Foley, a senior strategist in London at Rabobank International, which predicts a drop to $1.25 by mid-2017. "Suddenly, with March on the horizon, we're beginning to see some of the risks associated with Brexit coming into full focus.
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