FTSE – meltdown continues, futures down 10%

Omkar Godbole FXStreet Contributor

FTSE futures have extended losses to 10% as a markets face a plenty of political and economic uncertainty after Brexit.

Will UK economy drop into recession, will PM Cameron or Chancellor Osborne resign are some of the questions that are now being asked.

This amounts to too much risk. No surprise the FTSE 100 futures are down 10% at 5730. Germany’s DAX futures are down 9% as well. Across the pond, Dow futures are down 700 points or nearly 4%.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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