UK equities continued to climb today, buoyed by hopes of imminent stimulus from the Bank of England, while 10-year gilts fell to yet another record low after Chancellor George Osborne confirmed his Budget plans were now in tatters.
Mark Carney today came riding to the rescue of lacklustre markets after dropping a strong hint that the next move by the Bank of England will be to cut interest rates.
Today was all about Labour leader Jeremy Corbyn. Warning: if you’re a supporter, this might make uncomfortable reading.
The ongoing recovery for the UK’s largest companies continued apace today, while domestic names focused on the UK also showed signs of life, albeit remaining far below pre-Brexit levels.
Global markets bounced today as bargain hunters braved the Brexit-induced storm which has erupted over markets, propping up stocks around the world.
Including the breaking news that Labour MPs have voted “no confidence in Jeremy Corbyn”, MRM’s guide to the tweets that shaped today’s Brexit events.
Brutal. That’s about the best way to describe the way markets have reacted since Thursday’s monumental decision by the British electorate to exit the European Union. Sterling has plunged, markets around the globe have moved sharply lower, and government bonds continue to plumb new depths. Amid one of the most dramatic spells for investors since the credit crunch, MRM is providing our own take on events, the first of which is below.
With the effects of Brexit beginning to show in the political spectrum, here are our top ten tweets that shaped today’s news.