| Topic: | Re:Re:Re:Pound hits new low on Brexit nerves | |
| Posted by: | Steve Taylor | |
| Date/Time: | 07/07/16 12:03:00 |
from aol news "Bank of England governor Mark Carney said on unveiling measures to boost lending on Tuesday that the fallout from Brexit was starting to "crystallise", raising concerns over commercial property and buy-to-let investors, as well as the vulnerability of debt-laden households to an economic slowdown. His assurances that the Bank's plan was working failed to prop up the pound, but offered some comfort to the FTSE 100 Index, which has so far proved resilient. But markets slid overnight in Asia, while European indices were also lower with the Dax in Germany and France's Cac 40 almost 1% lower. Angus Nicholson, a market analyst at IG in Melbourne, Australia, said: "Mark Carney, almost the only British leader who seems to not be resigning at the moment, emphasised the challenges the UK economy will suffer in the post-Brexit world. "Carney's speech seems to have initiated the dawning of realisation of the longer-term impact of Brexit for many in the markets." |