View more on these topics

FTSE dives as Brexit fears take hold

UK-Currency-Money-Coins-700.jpg

The FTSE index has dropped 6 per cent in the past four days as pollsters showed a vote to Brexit has become more likely.

The FTSE 100 ended the day down 2 per cent yesterday, at 5,923, the lowest point for the index since February.

Yesterday marked the fourth day of losses for the index as fears over a Leave vote for the upcoming EU referendum took hold.

A YouGov poll for the Times now has the Leave vote seven points ahead of Remain, while ICM polls for the Guardian has Leave six points in front, and another poll in the Telegraph has Leave one point ahead.

IG senior market analyst Chris Beauchamp says: “Panic appears to be gripping markets as the headlines fill up with references to a possible Brexit, with the Sun’s declaration for Brexit emblematic of the worry that the Remain campaign has lost a crucial segment of the population.”

The pound also dropped lower against the dollar yesterday, continuing an eight-week low for the currency.

It fell 1.2 per cent to below $1.41 as investors sought safety in bonds and gold.

Recommended

barclays-building-2012-700x450.jpg

Barclays ‘most exposed’ to Brexit fallout

Analysts have warned Barclays is the British bank most exposed in the event of the UK voting to leave the EU. The Daily Telegraph reports Barclays’ share price is highly correlated with moves in sterling, accounting for 80 per cent of the stock’s movement over the past 18 months. Jefferies analyst Joseph Dickerson says: “Barclays […]

David-Cameron-listening-in-2013-700.jpg
14

PM warns of Brexit threat to pension triple lock

David Cameron says the Government cannot guarantee protections for the state pension in the event of a Brexit. Speaking on the Andrew Marr show this weekend, the Prime Minister said a vote to leave the EU could cause a “black hole” in the public finances, the BBC reports. He warned the triple lock on state […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There are 4 comments at the moment, we would love to hear your opinion too.

  1. Sometimes you need to take a few steps back to move forward.

  2. Vote out and straight to the workhouse I fear.

  3. The latest polls are an attempt by the powers to be to both scare people voting no as a protest vote against all the vested interests telling them to vote yes that they might actually get what they vote for if they do so and motivate the apathetic yesses. Similar tactic worked in last week of Scots referendum and ‘Remain’ won relatively comfortably then. (See also UK general election when polls showing Ed Miliband apparently running neck and neck were released to scare apathetic voters into turning out to ensure that didn’t happen) . ‘Yes/Remain’ will win by at least 10%.

  4. Julian Stevens 16th June 2016 at 8:49 pm

    Google: Brexit The Movie, watch it and form (or confirm) your own opinion.

Leave a comment