Markets Continue to Drop in Wake of Brexit – But Not as much as Expected
The markets continued to drop in early trading on June 27 following the Brexit referendum. Although the massive drops predicted in the early hours after the vote has yet to materialize, the Pound is trading at its lowest level against the US dollar for about 30 years, and the FTSE is a further 2% down compared to the Friday closing level, and is now trading dangerously close to the 6,000 points mark. It is being speculated that the – after all – less-than-expected fall is in part due to increasing doubts over whether the UK will actually…
Read More