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Sterling is drowning again

Sterling is struggling to keep its head above water. The pound is now down 0.22% at $1.2167 as of 7:54 a.m. BST (2:54 a.m. ET) as investors keep on pricing in the likelihood that Britain's government will opt for "Hard Brexit" — withdrawing from the EU without access to the Single Market. The pound against the dollar continued to suffer: Sterling also continues to flirt with parity with the euro: Just over 24 hours ago, sterling had its worst run against the dollar since the referendum result on June 23.
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