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Chart of the week

Fidelity Active Investor
– 03/21/2019

Brexit pounding the pound

Pound volatility is again near 2016 levels—when the UK voted in favor of leaving the European Union, a process that is commonly known as Brexit. The latest driver of volatility for the UK currency was another vote by Members of Parliament against a deal that Prime Minister Theresa May is attempting to forge. It is likely that continued uncertainty surrounding a Brexit agreement may help volatility persist for the pound.

Source: Bloomberg

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