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Post-Brexit Sterling Decline Will Cost Poor Countries $4bn, Claims Study

Post-Brexit Sterling Decline Will Cost Poor Countries $4bn, Claims Study

The post-Brexit slump in the pound will cost developing countries nearly $4bn (£3.1bn) in the coming year, with reduced trade and aid, risk-averse financial markets, lower growth and sharply reduced remittances all playing a role, a report shows. Sterling’s 10% devaluation in the first week after the vote, coupled with lower UK gross domestic product, […]