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The post-Brexit financial world remains deeply uncertain

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

  1. Lily

    Lily Forum Member

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    Despite the market’s predictably volatile reaction to the EU referendum result, the longer-term impact will be harder to gauge

    This post-Brexit financial world will require a lot of untangling. The FTSE 100 index closed down only 200 points, which used to be seen as a bad, but far from catastrophic, event in the stock market. You would have got long odds on that outcome at 2am in morning, when Sunderland and Newcastle gave the first signs of the UK political earthquake in store, and even longer odds when the blue-chip index opened 500 points lower.

    Related: Bank of England tries to calm markets as pound and shares plummet

    Related: A rollercoaster ride for City traders on EU referendum night

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