Pound and shares hit again by Brexit crisis – business live

Discussion in 'Market News' started by Lily, Jun 27, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Sterling is falling sharply in Monday morning trading, as Britain’s decision to leave the EU continues to reverberate around the markets

    7.11am BST

    Investors are expecting shares in London to fall sharply at the start of trading, at 8am BST.

    IG, the spread-betting firm, is predicting that Europe’s main stock markets will fall by around 2%:

    Our European opening calls:$FTSE 5980 down 159
    $DAX 9393 down 164
    $CAC 4029 down 78$IBEX 7837 up 49$MIB 15415 down 309

    7.06am BST

    Good morning.

    After three of the most dramatic days of British political drama in living memory, the financial world is bracing for more turmoil this week.

    Awaiting arrival of the Chancellor. Statement "to reassure" the markets at 7am. #Brexit pic.twitter.com/lYJpYteVcz

    Carney set to pull out of appearence this week at @ECBForum in Portugal. Was due to be on panel with Yellen https://t.co/AD9PvgUQBe

    “But there was no panic and the central bankers did the job that they were prepared to do just in case, which was to put a lot of liquidity on the markets.”

    Tomorrow at 8a ET » @SteveLiesman sits down exclusively with Treasury Sec. Lew for his first post-Brexit interview. pic.twitter.com/cbnZNRPHSx

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