Pound pounded | The ringgit saw a sharp appreciation against the British pound following the Brexit vote.

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PETALING JAYA: Stock markets by and large settled yet the sterling keeps on going under weight, taking after the submission in the United Kingdom which saw British natives voting to leave the European Union (EU).

Closer to home, the FBM KLCI, in its standard guarded mode, demonstrated versatility in the midst of the present business sector turmoil as purchasing backing in blue-chip counters saw it perform generally superior to anything most different markets in the locale.

The benchmark file shut down 4.53 focuses to 1,629.52 focuses yesterday. Since the result of the Brexit on June 23, the file has just shed 10 focuses.

In the mean time, the ringgit saw a sharp gratefulness against the British pound taking after the Brexit vote. As at 5pm yesterday, it was exchanged at RM5.4706 against the pound, contrasted with RM5.6994 last Friday. The British pound kept on declining versus the US dollar yesterday, with one pound being what might as well be called US$1.3259, or its most reduced in 30 years.

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