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UK: Britons queue to exchange Pounds for Euros as Brexit fears loom
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22.06.2016
Londoners queued up outside currency exchange stores in the English capital, Wednesday, to change Pounds into Euros as the uncertainty of an economic knock-on effect of a Unite Kingdom Brexit from the European Union looms.
Many forecasters expect that the pound will fall if there is a vote to leave the EU on Thursday, which would weaken the spending power of British people travelling abroad. According to one man waiting to exchange Pounds, "that is probably the reason that there is a long queue."
The flock into the exchange stores comes as UK readies to the vote in the Brexit referendum on Thursday, June 23. Polling stations will open at 07:00 local time (06:00 GMT) tomorrow and close at 22:00 local time (21:00 GMT). The final result is expected after 07:00 local time (06:00 GMT) on Friday.
Many forecasters expect that the pound will fall if there is a vote to leave the EU on Thursday, which would weaken the spending power of British people travelling abroad. According to one man waiting to exchange Pounds, "that is probably the reason that there is a long queue."
The flock into the exchange stores comes as UK readies to the vote in the Brexit referendum on Thursday, June 23. Polling stations will open at 07:00 local time (06:00 GMT) tomorrow and close at 22:00 local time (21:00 GMT). The final result is expected after 07:00 local time (06:00 GMT) on Friday.
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