As pound plunges, UK's Cameron defends EU deal to avert 'Brexit'




 
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February 23rd, 2016  
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Topic: As pound plunges, UK's Cameron defends EU deal to avert 'Brexit'


By Kylie MacLellan and Elizabeth Piper LONDON (Reuters) - The pound posted its biggest one-day loss in almost six years on Monday on concerns of a possible British exit from the EU, adding to the pressure on Prime Minister David Cameron as he mounted a defense of his deal to keep the country in the bloc. The fall in the currency, as well as in government bond prices, was triggered by London Mayor Boris Johnson - a senior figure in Cameron's Conservative Party - throwing his support behind the exit campaign. Johnson, one of the country's most popular politicians, gave the "Brexit" camp a much-needed figurehead when he announced his support on Sunday, just days after Cameron struck his deal in Brussels to hand Britain what he called a "special status".




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