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Why the British Pound Is Set for a Big Move

Simon Constable

The British pound looks set to break out soon. The reason for the range-bound trading is that investors aren't sure whether the United Kingdom will cut a trade deal with the European Union when it leaves the bloc on March 29, the scheduled date. "A hard Brexit could mean 10% down for sterling," said Ugo Lancioni, head of currency management at Neuberger Berman in London.