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Downside risk for GBP as Brexit odds increase: Hardy
Latest polls suggest that the United Kingdom could vote to leave the European Union in the June 'Brexit' referendum. Saxo's John Hardy says this is already being felt in sterling - in both EURGBP and GBPUSD. He warns that there is further risk to the downside for GBP if the odds increase for a brexit. But he also notes that in the longer term it could get contrarian if EURGBP moves too much higher.
02:17 minutes
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