Sterling jarred as EU exit campaign intensifies, but FTSE gains

February 22, 2016 11:07 AM

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LONDON, Feb 22 Sterling headed towards its biggest loss in almost six years against the dollar on Monday as traders homed in on narrowing bookmaker odds on a British exit from the European Union, but the weaker pound lifted UK blue chip stocks.

The scale of the reaction on sterling, an almost 2 percent fall driven chiefly by the defection of London Mayor Boris Johnson to the "out" camp on Sunday, also sent government bond prices spiralling lower.

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