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Pound hit a low of 1.1959 a week ago, and The Telegraph noted "there is a risk of sterling falling further"[1]. Taking that price gives £1002.42 ((999/1.1959)*1.2), and pricing in a potential drop doesn't seem totally unreasonable.

[1] https://www.telegraph.co.uk/business/2019/09/03/markets-live...



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