The G7 meeting at the weekend spotlighted a growing rift between the US and its key allies, with German chancellor Angela Merkel saying that Europe can no longer completely rely on the US and UK. GBP is on the back foot due to the tightening of opinion polls in the run-up to the June 8 election.
Editor’s Picks 21 June 2016 at 23:29 GMT

Soros warns of Black Friday if Britain votes to quit EU

The Sydney Morning Herald
Billionaire currency trader George Soros believes a British vote to leave the EU could severely damage living standards and trigger a plunge in the pound bigger than on Black Wednesday nearly 24 years ago. Writing in the Guardian newspaper, Soros said the pound could fall by at least 15% and possibly by more than 20%. “To start off, (the pound) is almost certain to fall steeply and quickly if there is a vote to leave”. Meanwhile, soccer star David Beckham announced his support for “remain” in a statement. “We live in a vibrant and connected world where together as a people we are strong,” he said. “For our children and their children we should be facing the problems of the world together and not alone”.
Read full article at The Sydney Morning Herald


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