* British economy "as strong as it could be" - Osborne * China pleads for stability after Brexit shock * British ruling party and opposition both in crisis * Police investigate anti-Polish hate crime * Sterling and shares fall, U.S. urges calm Britain's decision to leave the European Union sent new shockwaves through financial markets today, with the pound falling despite the country's leaders' attempts to ease political and economic turmoil unleashed by the move. Finance minister George Osborne said the British economy was strong enough to cope with the volatility caused by Thursday's referendum, the biggest blow since World War Two to the European goal of forging greater unity. But his words failed to halt the fall of sterling, which later sank to its lowest level against the U.S. currency for 31 years, continuing the slide that began last week when Britons confounded investors' expectations by voting to end 43 years of EU membership. European bank shares had their worst two-day fall on record and world stocks, as measured by MSCI were on track for worst two-day fall since the aftermath of the Lehman Bros collapse in late 2008. With the ruling Conservatives looking for a new...
from timesofmalta.com http://ift.tt/28YWiTc
via
IFTTT
No comments:
Post a Comment