Tuesday, 12 July 2016

Brexit may 'spell the end' of high commodity prices

The late June decision by voters in Great Britain to leave the EU immediately hurt many markets, including commodities. The British pound dropped 8 percent to a 30-year low. The S&P GSCI - a benchmark commodity index - lost 3 percent the day after the vote. Oil was also a Brexit victim and lost 4 percent that day.
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