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10 things you need to know before European markets open

Good morning! Here's what you need to know on Wednesday. The pound slumped again in late trading on Tuesday. Sterling's horrible run over the past week and a half shows no signs of letting up on Tuesday, after Britain's currency hit several fresh 31-year lows against the dollar, dropping below $1.21 at one point. In Asian trading on Wednesday, the pound recovered a little, and is up by 1.
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