U.K.’s EU Exit Roils Currencies From Australia to Russia, Mexico
Watt: Pound Violence Is Investors Caught on Wrong Side
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The release of U.K. referendum results indicating stronger-than-anticipated support for the country to leave the European Union roiled global currency markets and sent the British pound plunging to its lowest level since 1985.
The euro also dropped, while higher-yielding currencies from Australia and New Zealand to Mexico and South Africa slumped. Investors in search of safer assets pushed the Japanese yen past 100 per U.S. dollar for the first time since November 2013.