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Plunging British Pound Triggers ‘Marmite Wars’ as Brexit Bites

The British pound has fallen sharply over the past two weeks, and is now at record lows against the U.S. dollar, losing around 20 percent of its value since Britain’s vote to leave the European Union. Analysts say the realization that Britain could be headed for a so-called ‘hard Brexit’ – likely to involve leaving the European Union’s Single Market – has triggered a major sell-off. But the fall in value provides opportunities for foreign visitors. For a short time this week, a...

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