×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Wednesday
28
Oct 2026
weather symbol
Athens 13°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by
> World

Markets in panic after ‘Brexit’

UK sterling plummets

Newsroom June 24 08:10

Δείτε περισσότερα άρθρα μας στα αποτελέσματα αναζήτησης

Add Protothema.gr on Google

The British sterling is recording an 8 per cent historic low, as global markets are reacting to  Britain’s decision to vote for Brexit in the referendum.
In the early hours of Friday morning it plunged more than 10 per cent against the dollar to below the $1.33 mark, its lowest level since the mid 1980s.
The currency’s weakness was widespread, with declines of 16 per cent against the yen and 7.2 per cent versus the euro.
The FTSE index futures have slumped 8 per cent.
The shockwaves of the result reverberated around the world, with Japan’s Topix down 6.2 per cent and the Nikkei 225 falling 6.3 per cent. In Australia, the ASX index was down 3.8 per cent.
The S&P 500 is set for a 3.5 per cent drop, according to futures.

Gold investors are happy, as the yellow metal rose beyond the $1,300 an ounce mark to its highest level in two years. Gold is favoured as a haven.
The Hong-Kong listed shares of HSBC have plunged more than 10 per cent and those of Standard Chartered have plunged 10 per cent. The Japanese yen, considered a haven currency in times of uncertainty, soared 7.2 per cent to 98.92. Meanwhile, the Swiss franc has also strengthened, as investors also see it as a haven, rising 1.8 per cent against the euro.
Investors are piling into Treasuries, the anchor for the global financial system, with the yield on the 10-year note falling more than 20 basis points to 1.47 per cent, its lowest level since 2010. UK Gilts are expected to rise sharply in value as investors expect easing and additional liquidity from the Bank of England and other central banks.

Meanwhile, the Greek stock market lost 12,20 per cent on its Friday session, while the French stock market also dropped considerably. The German DAX also registered a huge 10 per cent fall.

Ask me anything

Explore related questions

> More World

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Israel election cliffhanger: Netanyahu’s Likud comes first, but Eisenkot claims mandate for change as exit polls point to deadlock

October 27, 2026

Ochi Day 2026: Road closures in Athens and Thessaloniki – Changes to Metro, tram and bus services

October 27, 2026

FM delivers joint statement by more than 70 countries to support women, peace and security agenda

October 27, 2026

Pizza Fan: Jailed pending trial, owner Konstantinos Antaras placed under house arrest with electronic tag

October 27, 2026

Turkey rejects claims of concessions to Greece after opposition leader attacks Erdoğan and Fidan over Aegean policy

October 27, 2026

Israel election: Record turnout as Netanyahu seeks extension to voting hours amid allegations of intimidation and fraud

October 27, 2026

Pizza Fan founder denies criminal organisation charges but admits knowing about controversial ‘treat’ system – What the lawyers say

October 27, 2026

Nike’s empire under threat: $230 billion wiped off its value as sporting stars defect and new rivals gain ground

October 27, 2026
All News

> Greece

In reverence, the emotional deposition in Jerusalem, see photos & video

The Holy Temple of the Resurrection opened after many days due to the war between Israel and Iran

April 10, 2026

In the final stretch for the accreditation of joint master’s degrees: Aiming for their launch in the coming academic year

April 10, 2026

Schedule for Epitaph Procession today (10/4)

April 10, 2026

Perfect weather for Easter excursions, according to Tsatrafyllia’s forecast

April 10, 2026

Easter in Greece: The customs that continue in Greek tradition – From Nafpaktos to Corfu

April 10, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα