Thursday, 23 June 2016

US Stock Futures Spike As Brexit Voting Begins



 
U.S. stock futures were sharply higher this morning, as Britons began voting on whether their country should remain in the European Union trading block. Wall Street broke a two-session winning streak Wednesday. Oil prices were higher this morning. (CNBC & Reuters)
The pound advanced to a six-month high against the dollar this morning, after the latest opinion polls — taken before voting started — favored Britain staying in the EU. The U.K. currency has advanced 3 percent so far this week.
Until the Brexit voting closes at 5 p.m. ET, or 10 p.m. ET London time, media restrictions in Britain are in place. After the votes have been counted, an indication of the final result could emerge at around 11 p.m. ET, or 4 a.m. London time.
Credit: CNBC


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