Gulf News

Biggest hit

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The pound took the biggest hit in June 2016, when the country voted to leave the EU. It slid 15-20 per cent against other major currencies — an immediate cut to the wealth of the British that stoked inflation by raising the price of imports. There’s concern that the pound could endure a similar drop if Britain crashes out of the EU without a deal. The Bank of England says it could fall toward 1-to-1 with the dollar.

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