Pound’s Day of Destiny Arrives as History Shows What’s Possible

It’s finally here: the day when Britain decides on its 43-year membership of the European Union. And whichever side wins, the pound will be the focus of attention in financial markets around the world. The U.K. currency may be heading for its best week in six years but gauges of the risk of significant declines and price swings are either at, or close to, record highs. Continue reading →