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The fate of the pound

It is tied to May’s Brexit game plan

By George Magnus  

©Yui Mok/PA Archive/PA Images

If you’re going to Egypt or Turkey for your holiday this year, count yourself special. These are about the only major countries whose currencies have fallen against Sterling since last year’s Brexit referendum. The good news, such as it is, is that since the heavy fall in Sterling last summer things have calmed down. It has traded relatively quietly against the US dollar in a band of about $1.20-1.27, and fluctuated against the Euro in a range of roughly €1.14-1.17.

But as the timetable for, and…

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