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Markets brace for a fall in the pound on Brexit vote

Video report by ITV News Business Editor Joel Hills.

While the polls keep track of the latest movements in likely voting, the city is busy trying to predict the financial impact of the EU referendum result.

Money markets have been shaky in the face of uncertainty in recent weeks but rallied today as latest polls showed Remain and Leave neck and neck in the final stretch.

Most experts agree that a vote to leave would lead to a fall in the pound - though there is disagreement as to how severe the impact would be.


Carney: My job to be straight with Brits over Brexit

Bank of England boss Mark Carney said it was his job to "come straight with the British people" over the risks of a Brexit vote.

Mark Carney appearing before MPs on Tuesday. Credit: PA Wire

In a heated exchange with MPs, he denied accusations of being politically involved and of colluding with Chancellor George Osborne.

Mr Carney insisted the Bank was "apolitical" and had a responsibility to warn the wider public about the economic risks of a Brexit.

"It's important not just to those in financial markets but it's important to come straight with the British people about that," he said.

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