FTSE 100 falls below 6,000 and sterling hit as Brexit fears dominate

Investors flock to cash and bonds

Daniel Flynn
clock • 1 min read

The FTSE 100 index closed 2% lower at 5,923 yesterday, wiping around £100bn off its value over the past four days as fears over Britain's potential exit from the EU intensify.

While the UK's blue chip index closed below the 6,000 mark for the first time since February, the CAC index in Paris fell 2.3%, and the German Dax was down 1.4%. Sterling also hit a two month low yesterday, down 1.1% against the US dollar to $1.4108. The falls across Europe come as recent opinion polls suggest a growing support for a 'leave' vote in the UK referendum on 23 June. The Financial Times' Brexit poll tracker, which summarises public opinion polling, currently indicates a 47% support for a 'leave' vote against 44% for 'remain'. This uncertainty also saw 10-year bunds i...

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