Tuesday, 28 June 2016

FTSE index drops £130Bn in just two days

Reuters are reporting on Monday evening that the UK stock market has fallen in value by more than £130Bn in two days (HERE).

I assume at least part of these losses will be made up again in the future but let's not forget that some of this money is people's future pension funds and any drop is going to make those with defined contribution schemes, as opposed to final salary ones, that much poorer.

The pound begins the day at about $1.33 just a cent or two above the 31 year low it dropped to yesterday.

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