- Published: Wednesday, 13 July 2016 14:46
- Written by Steve Fiscor
By Steve Fiscor, Editor-in-Chief
On June 23, more than 17 million people voted in favor of Britain exiting the European Union (EU), referred to as Brexit. The referendum, which was too close to call leading up to the vote, briefly destabilized regional currencies and global equity markets. It also pushed the price of gold to highs not seen since 2014. By the end of the month, stock markets had recovered most of the lost ground, but the British pound remained at its lowest level against the U.S. dollar in more than 20 years.