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Extreme situation by EUR/GBP after Hollande speech

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President Hollande said:

UK must suffer the consequences from leaving the EU, in order for the single market to hold together as an institution.

"The UK decided to exit the EU, the hard way. Therefore we need to complete this task to the end. We need to be tough, in order to keep the unity of the EU. There might be other countries that might want to do the same thing to exit the single market and then to use the same privileges within any obligations. The exit has to have a price"

Bloomberg


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