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Global markets plunge after UK votes to leave EU – live updates

Discussion in 'Market News' started by Lily, Jun 24, 2016.

  1. Lily

    Lily Forum Member

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    Shares are plunging, and sterling has crumbled to a 31-year low, after the Leave campaign won a shock victory in the EU referendum


    5.45am BST

    Nick Robinson, co-founder of World First, has seen a few currency moves in his time, And he reckons the slump in the pound is huge.

    “This is a major economic event and I don’t think the world has woken up to what the potential consequences might be”.

    5.43am BST

    The sun is rising over the City and the dealing floor is filling up at World First, where dealers are scrutinising screens and trying to come to terms with Brexit.

    It is getting louder too.

    5.42am BST

    A huge wave of selling has driven the pound down to its lowest level since 1985.

    Sterling has slumped by 15 cents, or more than 10%, to $1.33 against the US dollar. An astonishing slump.

    5.30am BST

    Good morning.

    Financial markets around the globe are plunging after the British people rocked Europe by voting to leave the European Union.

    Related: EU referendum results: Britain votes for Brexit – live updates

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