Early Brexit results causing market jitters

The early results in the UK’s EU Referendum are causing markets around the world to panic. At 11:20am AEST there were about 2.7 million votes counted from a total expected to be around 32 million. The Leave vote stood at just below 53%.

The Australian share market, which had started the day in positive territory after gains overnight, is now down almost 2%. The Pound sterling is taking a hammering on the Forex market as the Leave vote builds; the pound was trading at about US$1.50 before counting started and has now fallen to US$1.41.

The Aussie $ has strengthen against the falling pound but is down over a cent against the US$.

More to come as this story unfolds…

Great results coverage from the BBC here.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *