Stock market panic? It'll be much worse if Britain votes leave

Discussion in 'Market News' started by Lily, Jun 14, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    A closer look at the markets suggests investors are only mildly worried about Brexit – or that they think it won’t happen

    Brexit fears stalk global markets? Only up to a point. Since the polls turned in leave’s favour, the FTSE 100 index has lost 370 points, or 5.8%, but is still well above February’s lows. The dollar has fallen from $1.45 to $1.41 against the pound, and from $1.28 to $1.26 against the euro. These are notable moves but they are not big enough to be called panicky.

    Meanwhile, Tuesday’s record-breaking piece of market action – German 10-year bunds trading at a negative yield – was also being blamed on Brexit-inspired fears of a pan-European jolt to economic growth.

    Related: FTSE 100 hits three-month low as Brexit fears grow

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