Market rout as UK goes the other way

26 June 2016 - 02:00
By ANDRIES MAHLANGU

South African markets fell sharply on Friday after British voters decided in a referendum to leave the EU in a move that rattled world markets. The deep sell-off in the currency, equity and commodity markets prompted reaction from some of the world's largest central banks, notably the Bank of England, which committed itself to help stabilise the UK financial sector.

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