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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

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    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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