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on June 23, 2016 the United Kingdom (U.K.) voted to withdraw from the European Union and the pound weakened dramatically after the vote to withdraw. Now it is negotiating the terms of its withdrawal. The pound weakened dramatically after the vote to withdraw from the EU. Why? Once the terms of the withdrawal are negotiated, what is likely to happen to the strength (stronger, weaker) of the pound and how will that affect U.K’s exports (Increase/Decrease)? Why?

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