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How low can the pound go?

Brexit has caused the pound to fall to its lowest level in decades, but some commentators think it has farther to go.
How low can the pound go?

The pound’s pain may not yet be over. Sterling’s value has fallen from 1.48 against the dollar to under 1.22 since the United Kingdom voted to leave the European Union on June 23. Analysts are bracing for further declines – and a new approach to hedging the pound.

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