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Saturday, December 3, 2016

The results of the British referendum dropped the ruble and the Russian stock market


After the results of the referendum on the British exit from the EU on the stock markets of the world there was a massive collapse. The party remained and Russia: the U.S. currency at the opening of trading rose sharply against the ruble, while the Euro practically has not changed.


photo: Gennady Cherkasov

The morning of June 24 at the Moscow stock exchange the dollar strengthened from three rubles, reaching 65,75 ruble. The value of the Euro was virtually unchanged compared with the previous day and stood at the level 72,73 of the ruble. In turn, the MICEX index fell by three percent, and RTS — more than five percent.

The stock markets of other countries showed a much larger drop. Stock index of great Britain FTSE-100 and France’s CAC has fallen by almost nine percent. The German DAX fell by ten percent. Japanese Nikkei decreased by eight percent. The fall show indexes in China on the Shanghai stock exchange Shanghai Composite, Shenzhen, Shenzhen Composite index and Hong Kong’s Hang Seng Index.

If we talk about the British pound, it fell against the dollar by ten per cent to the level of 1985.

Recall that the results of the referendum in the UK, almost 52% of citizens supported the withdrawal from the EU. Prime Minister David Cameron announced that in the next few months will retire.

Watch the video on “Escape from Europe: the British voted to secede from the EU”

The subjects of the United Kingdom of great Britain and Northern Ireland decided to withdraw from the European Union in a referendum held on the initiative of British Prime Minister David Cameron. This political event caused a great resonance in the world. Right-wing parties in several EU countries have already announced their intention to hold a series of similar events at home.

Video published on the website youtube.com user The Latest TV

Britain out of the EU after the referendum. Chronicle of events

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