UK banks seek refuge in dollars as Brexit fears heat up

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UK banks seek refuge in dollars as Brexit fears heat up

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Undated file photos of Boris Johnson and Theresa May. Johnson has lobbed a political hand grenade at May as the Tory conference begins, branding her Brexit plan "deranged" and "preposterous". | PA/PA Wire/PA Images

UK banks are finding safe harbour in the dollar market as investors in other currencies grow nervous that the country will end up with a messy break-up with the European Union. Their reliance on dollars for capital is only likely to increase as Brexit day approaches.

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