People walk through the lobby of the London Stock Exchange in London, Britain August 25, 2015. REUTERS/Suzanne Plunkett
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For campaigners battling over Britain's European Union membership, the pound's sharpest fall since the depths of the 2008 financial crisis creates political gold dust. The pound tumbled 5 cents to a seven-year low against the U.S. dollar in four days since London Mayor Boris Johnson defied Prime Minister David Cameron and threw his weight behind a British exit.The Stronger In campaign said the pound could be worth 20 percent less if Britain leaves Europe."We have not just permanently protected the pound and our right to keep it, but ensured that we can't be discriminated against," Cameron said. He has not commented publicly on the fall in sterling.Britain under Tony Blair later decided not to join the euro and thus locked itself out of the EU's inner 19-member eurozone core.
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