MARKET SUMMARY— As you may be aware, the United Kingdom held a referendum yesterday to vote on whether Britain would remain within, or exit the European Economic Union. While the outcome was expected to be very close and markets were preparing for either eventuality, the more widely anticipated outcome was that the EU would remain intact, with Britain choosing to stay.
The results of yesterday’s referendum however shocked many, and somewhat surprised markets with a vote of 51.9% in favour of withdrawal.
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