Fearful of landing in immediate negative equity, some buyers have decided to put their purchases on ice. Photograph: Yui Mok/PA. Hilary Osborne, Patrick Collinson and Miles Brignall.
LONDON/SYDNEY, June 24 (Reuters) - The first indication of how Britain's vote to leave the European Union will affect the global economy will come from business surveys, with the hard data to follow -- a lag that increases uncertainty over growth.
One of the possible bidders for Port Talbot steel works has threatened to pull out of takeover talks in the wake of the Brexit vote.
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.
Hedge funds betting that Britain would leave the EU were rewarded with bumper payouts after stock markets fell sharply on the back of the Brexit decision.