ICAP in windfall from sterling drop

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British broker ICAP, said the fall in sterling after Britain's vote to leave the European Union has given it a "significant windfall benefit".

Reuters reports that the company, which saw daily volumes at least double to top $200bn on its currency trading platform the day after the June 23 vote, said trading activity levels spiked around the time of the referendum.

Sterling has fallen to its lowest level against the U.S. dollar since 1985 following the vote.

ICAP, which matches buyers and sellers of bonds, swaps and currencies, said its revenue from continuing operations for the quarter ended June 30 rose 7%.

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ICAP sees Brexit 'windfall' from sterling slump

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