London — For those with the stomach to digest more months of Brexit-induced political wrangling, sterling’s plunge to two-year lows is raising the question — is it time to dip back into hard-hit British markets for potential bargains?

The pound has shed more than 8% since May, a drop that has accelerated since Prime Minister Boris Johnson declared the UK would leave the EU on October 31, with or without a transitional trade agreement...

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