FBS - Analytics

    FBS

    553.50 6.25/10
    88% of positive reviews
    Real

    FTSE 100 slumps after Brexit-driven blockbuster session

    On Tuesday, British stocks tumbled, renouncing from a steep surge the day before because uncertainty regarding the Brexit referendum kept preoccupying investors.    

    The FTSE 100 lost 0.5%, reaching 6,169.94. The benchmark’s sectors were losing ground, headed by the basic materials group.

    On Monday, the blue-chip index soared 3%, for the largest one-day percentage revenue since mid-February. The move arose after weekend surveys demonstrated a resurgence in support for the United Kingdom staying in the EU.     

    Late Monday, more opinion surveys were released. An ORB survey issued by the Telegraph newspaper demonstrated 53% of respondents supporting membership in the European Union, compared to 46% who are eager to cut ties. However, a poll by YouGov for  TheTimes newspaper revealed that the “Leave” camp with a two-point lead, at approximately 44% to 42%.    

    While momentum seems to have shifted towards ‘Remain’, the final result is still very close to call. 


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree