Investors scramble to fend off Brexit risks

Many people were taken by surprise when a clutch of polls this month showed support for a British pullout from the EU taking the lead in the runup to a tightly fought June 23 voteA surge in support for Brexit has sent investors racing for financial shelter a week ahead of a referendum that could redraw the political map of Europe. The polls triggered a rush to offset the risks of a possible British breakaway from the European Union, they said, with incalculable consequences for a project born out of a determination to forge lasting peace on the continent after two world wars. Germany’s Foreign Minister Frank-Walter Steinmeier on Wednesday even raised the prospect of a Brexit vote eventually leading to the “disintegration” of the bloc, ending a decades-long effort to forge closer relations across Europe.

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