By Rehana Hussain of Charles Gregory Solicitors Limited posted in Immigration on Tuesday, June 28, 2016.
In their business updates the BBC news informed the public that Barclays shares fell more than 12%, while Royal Bank of Scotland fell more than 14%. The public were also informed that the FTSE 250 index, which mostly contains companies that are more UK-focused, was down 4.5% on Monday after sliding 7% on Friday. Furthermore, we were told that the pound hit a 31 year low of $1.32089 sinking below the level it had fallen to on Friday, when it recorded its biggest one-day fall against the dollar. Lastly, we were informed that the Stock markets plunged on Friday, with more than $2tn(£1.5tn) wiped off the value of global stock markets, according to Standard and Poor's Dow Jones Indices.
What all this means for the UK economy? Are we heading towards a financial melt down with the magnitude of the Lehman shock in 2008? Click here for more details..
In their business updates the BBC news informed the public that Barclays shares fell more than 12%, while Royal Bank of Scotland fell more than 14%. The public were also informed that the FTSE 250 index, which mostly contains companies that are more UK-focused, was down 4.5% on Monday after sliding 7% on Friday. Furthermore, we were told that the pound hit a 31 year low of $1.32089 sinking below the level it had fallen to on Friday, when it recorded its biggest one-day fall against the dollar. Lastly, we were informed that the Stock markets plunged on Friday, with more than $2tn(£1.5tn) wiped off the value of global stock markets, according to Standard and Poor's Dow Jones Indices.
What all this means for the UK economy? Are we heading towards a financial melt down with the magnitude of the Lehman shock in 2008? Click here for more details..
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