“I bought some pounds on Friday,” Wilbur Ross, the chairman of WL Ross & Co. told CNBC’s “Squawk Box” on Monday. “I may very well buy some more pounds today. I do think it’s not the end of the Earth; Great Britain is not going to go to zero. It’s easy to have people be too emotional. I also think there are some pretty big short positions in the hedge fund community in the pound and the euro and they will have to cover at some point, so there will be some natural demand coming into the market.”

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