Sele Mkonje
JF-Expert Member
- Oct 2, 2011
- 643
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UK now poorer than France as pound hits 30-year low and FTSE 100 drops 8.7pc following British vote to leave EU. Britain’s vote to leave the European Union battered the British pound by more than 11% Thursday night and into Friday morning, pushed down stocks in Asia and pointed to a day of steep falls across the world’s financial markets. It was a brutal drubbing for investors who had stacked up bets that the U.K. would choose to stay.
The pound traded as low as $1.3230 in London’s early hours,. on the other hand here in South Africa British exit from the EU could shave about 0.1i percentage point off South Africa’s economic growth, according to researchers from North-West University. The UK is the fourth-biggest destination of South African exports
The pound traded as low as $1.3230 in London’s early hours,. on the other hand here in South Africa British exit from the EU could shave about 0.1i percentage point off South Africa’s economic growth, according to researchers from North-West University. The UK is the fourth-biggest destination of South African exports