Financial markets context


The volatility from #Brexit continues on financial markets. But it is worth placing that volatility in context.

This chart (source: Google Finance) shows the British pound against the US dollar over the last 6 months. The pound has dropped dramatically in the last few days. Although, the level it was at immediately prior to the Brexit vote was the highest it had been in the prior six months.

GBPvUSD

This next chart (source: News Limited) shows the UK equity index, the FTSE 100, again over the last six months.FTSE100_6months

Then the US equity index the S&P500 is in this chart (source: News Limited)

SP5006months

Volatile, yes. Markets always are.

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