Asia Markets Fall Sharply as Britain Vote Count Leans Toward Leave

The British pound has had its worst fall on record, tumbling to a 31-year low against the U.S. dollar, as investors reacted to signs that the Leave camp was moving toward a victory in Britain’s referendum on its European Union membership. Just after 4:30 a.m. in London (0330 UTC), one British television network, ITV, predicted that the Leave campaign would win. Ten minutes later, the BBC also called the race as a Leave victory. The pound dropped to $1.34 by midday in Asia Friday, down...

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