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Keeping UK in the EU is best for European stability
Published Wed, Jun 1, 2016 · 09:50 PM
London
THE UK is likely to stay in the European Union (EU) after the June 23 vote. So I have been backing a contrarian positive outlook for the sterling since its lows in March, when disquiet about a British exit was at its height.
My view on the pound is partly based on valuation terms, which have historically proven very resilient at levels near or below US$1.40. Another factor is the relative resilience of the UK economy.
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