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UK Shares, Pound Sterling Continue to Fall After Brexit Referendum Result
UK Shares, Pound Sterling Continue to Fall After Brexit Referendum Result
Sputnik International
The United's Kingdom's FTSE 100 index and British national currency, the pound sterling, continue falling after Brexit. 27.06.2016, Sputnik International
2016-06-27T10:18+0000
2016-06-27T10:18+0000
2023-02-09T11:56+0000
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UK Shares, Pound Sterling Continue to Fall After Brexit Referendum Result
10:18 GMT 27.06.2016 (Updated: 11:56 GMT 09.02.2023) The United's Kingdom's FTSE 100 index and British national currency, the pound sterling, continue falling after Brexit.
MOSCOW (Sputnik) – UK shares and its national currency, the pound sterling, continue to fall on Monday after the country voted to leave the European Union.
The United's Kingdom's FTSE 100 index decreased by almost 1.5 percent to 6,049.06 on Monday morning before showing a slight increase to 6,088.42.
The pound sterling also witnessed a further drop on Monday with the UK currency trading at $1.328, or almost 3 percent lower than Sunday's exchange rate.
The volatility is a result of Thursday's referendum in which a majority of UK voters support the country leaving the European Union.
On Friday, the pound sterling reached its lowest level in 30 years following the announcement of the results of the referendum. The FTSE 100 also witnessed a dramatic fall of more than 8 percent.
