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Brexit would hurt UK economy

CCTV.com

06-02-2016 16:52 BJT

The Brexit referendum is just around the corner on June 23rd and the vote apparently will be tight. A ICM fresh survey says more British people are preferring to exit from the European Union.

Investors were shocked by the result and the pound lost steam in forex markets as well.

Analysts say the referendum results will have great impact on the country's economy, politics, national defense and diplomacy.

They added that an exit would drive hedge funds out of the UK, and make the pound depreciate further.

The currency has lost 7 percent value in forex markets since the beginning of this year.

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