Brexit market crash – Run for the hills or fill your boots?

7 min Read Published: 25 Jun 2016

So the UK voted to leave the European Union and it sent financial markets into a tailspin. Below is just a small sample of Friday's headlines to give you a sense of the scale of the moves:

  • Italian stocks suffer worst ever day with 11% fall
  • the FTSE 100 tumbled more than 8% within the first few minutes of trading on Friday, its biggest fall since the collapse of the US investment bank Lehman Brothers in 2008
  • Pound suffers biggest one day fall ever (down over 8%)
  • Wall Street ‘fear gauge’ surges 40%
  • Bank shares fall by 30%

... I could go on.

Yet that was just the markets. A Financial Times journalist summed up the chaos when they said:

"It's a rather strange day. The Prime Minister resigning is only our third most important story". 

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