Peso Slumps to Record Low in Mexico After Britian Votes to Leave European Union Business Recorder
go to original June 24, 2016

Market turmoil after the UK votes for Brexit (FT Reporter)

Update: Brexit Petition Passes 2 Million as Demand for Second EU Referendum Grows (Independent)

Mexico's peso hit a fresh record low early on Friday after Britain voted to leave the European Union, forcing the resignation of Prime Minister David Cameron and dealing the biggest blow to the European unity project since World War Two.

The peso, one of most liquid emerging market currencies, plunged 7.15 percent to 19.5225 per dollar shortly after midnight local time.

The currency, which has slumped more than 10 percent this year, recovered slightly on Friday morning to trade at 19.0140 per greenback.

See the original at Business Recorder

Related: First Round of EU-Mexico Negotiations to Update Economic Partnership Agreement Completed (Global Trade)

Related: Brexit Created Many Losers, But Some Winners Too. Which Are You? (KAZU)

Related: Mexico Cuts Spending Further as Brexit Upends Markets (Financial Times)

Related: Turbulence and Uncertainty for the Market After ‘Brexit’ (The New York Times)

Related: Britain Just Voted to Leave the E.U., and Global Markets Are Tanking (Vanity Fair)

Related: Donald Trump Hails Brexit Vote: ‘People Want to Take Their Country Back’ (TIME)

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