17.06.2016 - These two commodities will get a boost from Brexit
Most investors anticipate a global selloff and flight to safety in the event of a British exit from the European Union, but two commodities are expected to rally. The cocoa and U.K. natural-gas markets are two of the last remaining commodities contracts still denominated in sterling. Most commodities, from oil to copper to gold, are priced in dollars. If Britain votes to leave the EU, the pound is expected to plummet, boosting these commodities by making them cheaper in other currencies. A vote to exit the EU would cause a sharp rally in the London-traded cocoa contract, said Max Goettler, a trader at Cocoanect in Rotterdam...............................................Full Article: Source
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