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George Soros Expects Brexit to Cause 15-20% Drop in Pound
A decision by the United Kingdom to exit the European Union would likely trigger a big sell-off in the pound, a sharp decline in household income and a recession, George Soros wrot...
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George Soros Expects Brexit to Cause 15-20% Drop in Pound
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A decision by the United Kingdom to exit the European Union would likely trigger a big sell-off in the pound, a sharp decline in household income and a recession, George Soros wrote in Guardian newspaper. He is also predicting that a Brexit would cause a 15-20% decline in the currency.

He mentioned that too many believe that a vote to leave the EU will have no effect on their personal financial position and described this as wishful thinking.
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