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Bloomberg
Denmark’s biggest bank is telling clients to hedge against currency losses that will affect more markets than just the pound as Britain’s June 23 referendum on its European Union membership draws closer.
Clients of Copenhagen-based Danske Bank A/S are being advised to hedge for a weaker pound against the euro and a weaker euro against the dollar and franc, in connection with this month’s vote. Clients with dollar and franc exposure “should hedge that risk,†Thomas Harr, global head of FICC research, told Bloomberg in an e-mail on Wednesday.