Equities and sterling tumble as Brexit fears intensify

Sterling hits eight-week low

Laura Dew
clock • 1 min read

Fears of a global fallout as a result of a Brexit vote next week led markets lower this afternoon while sterling fell to an eight-week low against the dollar.

Markets in Europe, Asia and US were in the red as polls tightened surrounding the vote on Britain's membership of the EU on 23 June.  In the UK, the FTSE 100 was down 0.7% to 6,070 points with the biggest fallers being Sky, Lloyds Banking Group, Hargreaves Lansdown, 3i and WPP which were all down more than 2%.  In Asia, markets were down significantly with both the Topix and Nikkei down 3.5%, while in the US the S&P 500 was down 0.9% and the tech-heavy Nasdaq fell 1.3%. Meanwhile, the yield on the 10-year gilt hit a fresh low after briefly slipping below 1.2% for the first time and...

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