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British stock market rallies HIGHER after Brexit vote

www.telegraph.co.uk/business/2016/06/23/markets-live-will-sterling-surge-or-slump-as-the-eu-referendum-c/

FTSE 100 finishes the week up more than 2pc after rallying this afternoon

The London market has just closed and despite today's market turmoil, the FTSE 100 has finished the week up more than 2pc.


The market is up compared to the beginning of the week. The pound sterling losses against the US dollar have been pared back, and against other currencies like the AUD there hasn't been that much of a change.

The two most internationally-oriented banks, HSBC and Standard Chartered, are 0.6% up today. And as soon as the markets dived, other investors piled in to buy up stocks perceiving them to be good value. That tells us the market believes the fundamentals are sound.

Despite how badly many Remainers want market chaos and for people to be hurt economically, it looks like calm and good sense has prevailed.
The FTSE 250 didn't recover quite as well as the FTSE 100 though. As the article states:

the FTSE 250, which is considered a closer barometer of the UK economy, fell by as much as 12.3pc before paring losses back to 7.3pc.
Europes stocks just got wiped out though lol

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