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(Bloomberg) -- 2:56
Sentiment in markets reversed dramatically as the results for a key voting district came in strongly for Britain leaving the European Union, with the pound tumbling almost 4 percent, taking riskier assets with it. The yen and gold surged.
Sterling erased a climb of as much as 1 percent, sliding the most since 2009 versus the dollar as 61 percent of voters in Sunderland chose “Leave,” more than the six percentage points above what was predicted in polls before the U K. referendum. Futures on the S&P 500 Index and Japan’s Nikkei 225 Stock Average dropped as currencies from the Australian dollar to the euro weakened. Haven assets benefited, with the yen jumping more than 1.2 percent as gold snapped a four-day rout. In Newcastle, the “Remain” campaign won with 51 percent of the vote, while in Swindon “Leave” prevailed.
