Saudis Revise Investment Policy on Brexit | pound and euro denominated assets

Saudi Arabia, the world’s largest exporter of crude oil, has revised its investment policy for pound and euro denominated assets, its central bank said over the weekend,  after Britain decided to leave the European Union. The bank didn’t specify what changes it made to the assets it holds, but said that the adjustments were a precaution against the turmoil unleashed in the market following the U.K’s referendum, which sent energy stocks sharply lower and saw the pound fall to a 30 year low against the dollar.

Source: Saudis Revise Investment Policy on Brexit —Energy Journal – MoneyBeat – WSJ

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