The Economist: Brexit and the markets: a seismic shock
Investors are waking to a deeply unpleasant surprise. Despite the closeness of the opinion polls, most people seemed to think that the “status quo bias” would cause Britons to vote for Remain, especially as it was perceived to be in their economic self-interest. A remain vote was virtually priced in.
As soon as the results started to come in, the pound started to plunge. From around $1.50 before the polls closed, the pound dropped to $1.45, then $1.40, and then to $1.34, its lowest level since 1985. It was the worst day for sterling since the currency floated in the early 1970s. The shock was also reflected in equity markets, both within and outside Britain. The Nikkei 225 average in Tokyo has dropped 8%.
Read the full article here.
Linkevicius: Lithuania might extend sanctions against Russia 20 October, 16:30
Ukraine to get visa-free regime until 24 November, - Poroshenko 23 October, 21:13
Poroshenko to meet with Stoltenberg in Brussels 20 October, 10:25
Normandy Four meeting preserves EU unity in support for Ukraine 21 October, 15:58
- FINANCE11:41Ukrzaliznytsia company evades taxes at sum of USD 50 million
- UKRAINE CRISIS 10:58Steinmeier: EU might fall
- UKRAINE CRISIS 10:15Bezsmertny: Real ‘disengagement line’ and one defined in Minsk agreements are different
- POLITICS09:28Chyigoz case: Another court session to be held on Monday
- UKRAINE CRISIS 08:46Donbas: Mines hit Ukrainian positions in Luhansk region
- SPORT08:00Usyk gets WBO Fighter of the Year award
- UKRAINE CRISIS 22:03Donbas conflict: 12 ceasefire violations reported over the day
- UA & EU21:13Ukraine to get visa-free regime until 24 November, - Poroshenko
- POLITICS20:25"All Minsk agreements are transparent", - Poroshenko
- UKRAINE CRISIS 19:40OSCE again reports on limiting access to three sites of disangagement
SOCIETY 10:30, 18 July Matriculation campaign 2015: new challenges for Ukraine
17:04, 21 October Search at Kseniya Babych: interview at the Investigation Committee
18:52, 20 October Russian law enforces conduct more searches in houses of Crimean Tatars