Britain’s elite stock market losses £137b one hour after Brexit

quist

June 24, 2016 9:07 AM

Among the biggest losers are banks and mortgage companies led by Taylor Wimpey who have lost 42pc in share price already.

Britain’s stock market for blue chip companies, the FTSE 100 has dropped 8.3pc, Friday morning, wiping away £137 billion from UK blue chip stocks within minutes of markets opening this morning after Britain voted out of the EU.

Persimmon follows closely dropping 40pc, with RBS, IAG, Barclays, Lloyds dropping 34, 33 and 29pc.

The FTSE 100 is not the only market that has suffered this morning, its more populous counterpart, the FTSE 250 index which contains more average companies with direct relations to the UK domestic market, has plunged 11.7pc too.

Things are expected to get a lot worse for Britain before it gets better. Stocks are expected to fall very fast in the coming hours.

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quist