Just a few hours after news of the Brexit victory, the Pound Sterling plummetted in international markets dropping 7% of its value against the US dollar – falling to levels unseen since 1985.
But the Brexit is now hitting all European markets and Madrid stock exchange was falling by a dramatic 16% in the early stages – the largest fall ever registered. Spain’s risk premium rating has rocketted by 40 percentage points to around 180 – closer to the rating of 2014.
Read more in this week’s print edition or go to e-paper
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