The pound fell to the lowest level in two years against the euro, dragged by political and economic uncertainties associated with the victory of the ‘Brexit’ last Thursday.
The midmorning, the British currency was falling 2.17% against the dollar, to quote to $ 1.336, and 1.64% against the euro, to quote to 1,211, in the London foreign exchange market.
on the London stock exchange, the FTSE-100 index was losing midmorning 83.25 points, about 1.36% to 6055.44 points.
the banking stocks registavam significant declines, with the ‘roles’ of Barclays bank and Royal Bank of Scotland (RBS) was temporarily suspended after registering decreases of more than 10%, said a spokesman for the London stock exchange.
banks are among the hardest hit by market volatility after the ‘Brexit’ in the referendum last Thursday.
the British finance minister George Osborne tried today to calm markets, saying the economy “strong country” will help address the difficulties related to the ‘Brexit’.
in a statement before the opening of the bag, Osborne admitted that it is “inevitable” that the economy will have to adjust to the new situation but sent a message to entrepreneurs stating that the economy is “fundamentally strong” and is “open for business”.
the British voters decided that the UK should leave the EU after the ‘Brexit ‘(name became known as the British out of the European Union) have won 51.9% of the vote in Thursday’s referendum.
Then on Friday, the British Prime Minister, David Cameron, announced his resignation with effect from October, and EU leaders advocated a quick exit from the UK.
the European Council meets on Tuesday and Wednesday in Brussels to analyze the post scenarios Brexit.
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