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London markets lost $164B in 600 seconds today. 

By: micro1 in POPE IV | Recommend this post (2)
Sat, 25 Jun 16 10:37 AM | 41 view(s)
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In the blink of an eye, as the Brexit shock sank in, British stocks and the pound took a heavy hammering, with the currency alone falling from its highest point against the dollar this year to the steepest drop in more than three decades.

In the first ten minutes of trading on Friday, London's FTSE index shed $164 billion of its value.

London's banking stocks, slammed by Brexit's impact on exports to Europe and the fall of the pound, lost more than $60 billion in value.

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http://www.usatoday.com/story/news/2016/06/24/london-markets-take-164b-hit/86336110/?siteID=je6NUbpObpQ-nhjyk4cRo3b1BLqA5yCqpg




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