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CLEAN : Analyst: Pound weak on post-Brexit fallout
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Business, Economics, Social Studies
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11th - 12th Grade
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Hard
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The video discusses initial fears about liquidity issues affecting British banks, which were avoided. The Bank of England's monetary easing could impact the sterling pound's exchange rate. The Japanese yen is expected to remain stable, with potential intervention deterred by US reactions. Market movements were driven by global liquidity concerns, but recent reactions are seen as overreactions.
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