While you were sleeping: Brexit jitters return

Tue, 05 Jul 2016

By Margreet Dietz July 6 (BusinessDesk) - Equities slid with the British pound after a Bank of England warning about challenging risks renewed concerns about the UK’s plan to exit the European Union, and its impact on the global economy. In its semi-annual Financial Stability Report, the Bank of England warned that “the current outlook for UK financial stability is challenging” following the Brexit vote. “There is the prospect of a material slowing of the economy,” BOE Governor Mark Carney said at a press briefing in London following t...

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