June 24, 2016 / 1:00 PM / 3 years ago

UPDATE 1-Mexico's peso sharply weaker on Brexit, touched new life low

(Updates peso fall, adds finance ministry to hold news conference)

MEXICO CITY, June 24 (Reuters) - Mexico’s peso traded sharply weaker on Friday morning, briefly setting an all-time low after Britain voted to leave the European Union and sent shock waves through global markets.

The peso , one of most liquid emerging market currencies, was 3.2 percent weaker at 18.805 per dollar after plunging as much as 7.15 percent to 19.5225.

Mexico’s finance ministry will hold a news conference at 8:00 AM local time (1300 GMT) to discuss the so-called Brexit and its anticipated effect on the Mexican economy.

The local peso has slumped about 9 percent against the dollar so far this year.

Reporting by Miguel Angel Gutierrez; Writing by Alexandra Alper; Editing by Simon Gardner and Lisa Von Ahn

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