28.06.2016 - Sterling Slump Means Costlier Commodities for Post-Brexit U.K.
The collapse in the pound since U.K. voters chose to quit the European Union means more expensive imports of oil, natural gas and industrial metals, although some farmers and distillers may have cause to celebrate. Global commodities, mostly denominated in dollars, had already entered a bull market this year as supply disruptions and production cuts whittled away the surpluses that caused the biggest price collapse in a generation. Currency swings will add to the pain for the U.K. economy, which imports a lot more raw materials than it exports...............................................Full Article: Source
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