Tag Archives: Stop Boris

Brexit clearly caught financial markets on the hop. With opinion polls, betting odds and the “conventional wisdom” all pointing in one direction, the vast weight of money thought the UK would stay in the European Union.

That’s why, when reality hit in the small hours of Friday morning, the pound plunged violently, enduring its biggest one-day drop in living memory. And when the London stock market opened later, the FTSE-100 dropped a stomach-churning 8.7pc – again, showing the extent to which traders had previously backed Remain.

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