Home » Currency Note » Currency Note » Currency Note GBP » GBP: FTSE 100 suffers worst day since EU referendum

If you’re tired of hearing about Brexit, then perhaps yesterday’s news provided some relief. However, it was more bad news, as the FTSE 100 suffered its worst day since the EU referendum. The British stock market closed down by 217 points, which is a 3.15% fall. That is the same drop as the day after the UK voted to leave the European Union and has wiped off around £56 billion from the value of companies in the Footsie.

Meanwhile, the Conservative MP Johnny Mercer said he would back Theresa May’s Brexit deal, becoming one of the few people to voice support for the proposals. The Conservative Chairman of the Foreign Affairs Committee, Tom Tugendhat, said he too would back the deal, but he conceded he would do so reluctantly. He said he could not support a no-deal Brexit or a second referendum. It is possible that more MPs will signal their intentions in the coming days and may well go the route of Tugendhat if they believe it is the only way to prevent a no-deal.

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