• Great Britain votes to leave the European Union

Market news

24 June 2016

Great Britain votes to leave the European Union

Majority of the votes were counted (98.1%, turnout 72.2%) and "leave" has a 3.6 points lead. The official and final results are expected this morning. What a shock for the financial markets as the pound sinks to multi year lows. Gbp/Usd down 1.800 pips, Gbp/Jpy lost 2.700 points and gold is up more than 100$/ounce.

Remains to be seen what will happen when London opens and what BoE Governor, Carney will say at a scheduled press conference (monetary policy changes can occur).

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