Antipodeans bearing the brunt of Brexit

Both the Antipodeans are deep in the red, hit badly by poor market sentiment, with bulls caught off-guard by the Brexit victory.

So, finally Britain votes out of EU’s membership and its official, keeping risk currencies such as the AUD, NZD under heavy selling pressure. AUD/USD sinks -3.75% on 0.73 handle, while Kiwi drops -3.35% to regain 0.70 handle.

Markets are now pricing in a UK recession after the Leave vote count surpassed 16 mln mark, officially declaring a Brexit.