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British Pound drops 11% against the U.S. dollar as UK appears poised to leave the EU with 60% of the vote counted

British Pound drops 11% against the U.S. dollar as UK appears poised to leave the EU with 60% of the vote counted
# 24 June 2016 05:34 (UTC +04:00)

Baku-APA. The British pound plummeted 11% as stock markets seesawed on early results in the United Kingdom's referendum on its European Union membership that showed the contest favoring the "leave" side, APA reports quoting CNN.

 

Stock futures on London's FTSE 100 stock index also gyrated. They were recently down 5%. U.S. stock futures were also volatile.

 

Japan's Nikkei 225 index tumbled 2.1%. Asian stock markets also traded lower in South Korea, Australia and Taiwan.

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