Berenberg increases the risk it attributes to the possibility of Britons voting to leave the European Union to 35% from 30%. “Brexit news has increased fivefold since the start of the year,” economists at the bank write in a note, adding that events–such as the attacks in Paris–have “coincided with a worrying increase in support for the ‘leave camp’.” Sterling pricing, they say, is also beginning to reflect heightened risk. The pound has depreciated around 8% against the U.S. dollar over the past six months.
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