If Sterling Goes Down on `Brexit,' It's Taking the Euro With It

February 23, 2016 6:31 AM

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Britain’s referendum on its membership in the European Union isn’t just a threat to the pound. It’s raising currency-market risks across the continent.

While the pound led declines among major currencies on Monday with its biggest slide since 2010, the euro had the second-largest decline, weighed down by signs of slowing growth. The cost of options protecting against losses on Europe’s 19-nation currency also jumped. The U.K.’s potential exit may d...

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