Thursday, June 23, 2016

Brexit, fear destroys the pound – The Republic

Night troubled for international finance, with bated breath waiting for the referendum on Brexit fought. The pound, after a triumphant initial start on the heels of polls (sprint to the highest since 2015, touching the $ 1.50), collapsed in the night as they arrived the data of the advantage of the “leave” from the EU, marking a decline of 5% against the dollar and almost reaching 1.35, a fall that exceeded that of the 195. the fluctuations of the pound will go in the archives as the strongest ever. The loss on the day of the referendum had already surpassed that of the “Black Wednesday” in 1992, when the currency crisis pushed Britain out of the European Monetary System.

Freeze well on futures index FTSE London Stock exchange and on Wall Street indices derivatives are in free fall in trade with consequences on the pound estate.

European stocks even during the day Thursday had bet on Great stay Britain and the EU were all in positive territory. Even the bags of the Asia-Pacific, in particular that of Tokyo, Friday morning opened modestly upward, despite conflicting data counting is underway in Britain. In trading in Asia, the pound has depreciated by 3.4% against the yen. With the passing of though, the Nikkei hours, banked and turned negative.

Topics:
brexit
Sterling
referendum brexit
financial markets
European Union
United Kingdom
EUR
dollar
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