Bloomberg After the pound’s worst week since Britain’s 2009 recession, traders are betting there’s more pain to come. Sterling plunged 3.8 percent versus the dollar this week after the referendum on Britain’s European Union membership was set for June 23. The cost of six-month options suggests traders are the most bearish on the U.K. currency since 2010. “It’s difficult for ...

London / Bloomberg London Mayor Boris Johnson said the U.K. would have a “great future” if it votes to leave the 28-member European Union in a referendum planned for this June. “This is a once-in-a-lifetime thing,” Johnson told The Times newspaper in an interview. “It is not going to come round again. If we don’t do it now this thing ...

Bloomberg Chancellor of the Exchequer George Osborne warned he may make further cuts in public spending in his annual budget on March 16 after data showed Britain’s economic recovery is not as advanced as he hoped. Osborne will seek further “efficiencies” in government departments before making cuts to services, he said in an interview with the BBC in Shanghai, where ...