Sky News
June 27, 2016
June 27, 2016
Steep falls for banks, airlines and housebuilders dragged the FTSE further into the red as the Brexit sell-off continues.
Sterling reached a 31-year low against the dollar, below Friday’s nadir, at $1.32. It fell more than 3%, on top of the plunge of up to 10% witnessed after last week’s referendum.
The FTSE 100 was down by more than 100 points, or 1.65%, despite a better than expected opening.
The FTSE 250, which is a better indicator of the health of UK businesses than the more global FTSE 100, fell even more sharply, down 5%, or 825 points.
Bank and property stocks continued to be hammered as investors singled out the sectors most likely to be hit by leaving the EU.
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