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Sterling morphing into emerging-market currency before vote

  Bloomberg With just over a month until the U.K. vote on European Union membership, investors are increasing treating the pound like an emerging-market currency. While sterling was used as a haven during the European debt crisis, the specter of a Brexit has pushed it to the other end of the spectrum. The correlation between sterling and an index of ...

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Serb central bank holds rate before Brexit poll, new govt

  Bloomberg Serbia’s central bank left borrowing costs unchanged for a third month, refraining from easing ahead of the U.K.’s vote on whether to leave the European Union and the formation of a new government following April snap elections. The National Bank of Serbia left its one-week repurchase rate unchanged at 4.25 percent, according to a statement published on its ...

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Both sides in Britain’s referendum campaign target tax dodgers

  Bloomberg Both sides in the campaign for the U.K.’s referendum on membership of the European Union turned their fire on tax dodging on Tuesday, while disagreeing on the best way to tackle it. The Vote Leave campaign said EU rules have hampered U.K. government attempts to crack down on corporate-tax avoidance, but the “Remain” side said companies are more ...

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