Global markets: Britain votes ‘leave’ in referendum

By Commodity News Service Canada

WINNIPEG, June 24 – The following is a glance at the news moving markets globally.

BREXIT NOW OFFICIAL
Britain has voted to leave the European Union after a narrow race, according to reports on Friday.

The results of the polling show a 52-48 per cent victory for the ‘leave’ campaign.

The news rocked global markets, and the pound dropped close to ten per cent against the US dollar.

‘BREXIT’ INFLUENCE COULD HURT INDIA EXPORTS
Volatility in the euro and British pound could hurt India’s exports, market watchers in the country said on Friday.

A weaker British pound could make the country’s exports more competitive, and trade negotiations will need to be revaluated post-Brexit.

CANADA’S MILK SALES UP
The volume of milk and cream sold totalled 256,839 kilolitres in April, up 1.8 per cent from the same month the previous year, Statistics Canada said in a report on Friday.

In April, sales of milk were up 1.3 per cent from the same month the previous year to 226,538 kilolitres, while cream sales increased five per cent to 30,301 kilolitres.

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