Wall Street and the FTSE 100 both fell sharply in a wild day of trading after the UK voted for Brexit. The London blue-chip index fell 7% in early trading to just over 5,800 points but ended the day 3.15% lower at 6,138.
Interest rates will be cut further towards zero in the coming months as the falling pound boosts inflation and Britain braces itself for 'sharply lower growth' after choosing to leave the European Union, City experts have warned.
With the British exit from the European Union, you'll find travel deals in the United Kingdom and EU, but don't expect a fire sale on hotel rooms, airfares and pricey restaurants.
LONDON, June 24 (Reuters) - Sterling plunged to its lowest in three decades and the value of London's big banks sank by the most since the 2008 financial crisis as Britain's shock vote to leave the European Union triggered turmoil on global financial ...
It's 15 short (?!) hours since London's stock markets opened, in a massive wave of selling that briefly wiped 550 points off the FTSE 100.