Huge range of sterling forecasts clouds horizon for Brexit talks

March 29, 2017 (This story first published on March 28, was refiled to amend headline) By Patrick Graham LONDON (Reuters) – While banks warn Britain’s European Union divorce could drive the pound below $1.20, their option traders have cut the cost of insuring against further falls in the two years it has left inside the bloc. A company wanting to insure its revenues or financial investments against further falls in the currency could pay 4.8 percent on Tuesday, back to late 2015 levels, for “put” options that start generating a…

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