Home Business NewsEconomic News EU referendum uncertainty wipes off £73bn from FTSE 100 in four days

EU referendum uncertainty wipes off £73bn from FTSE 100 in four days

by LLB Reporter
22nd Jun 16 10:16 am

EU referendum poll to be held on Thursday

Fears over a possible Brexit have wiped off over £73bn from the FTSE 100 in the last four days.

According to analysts, markets are hoping Britain stays in the EU.

Rebecca O’Keeffe, of Interactive Investor, said: “Although the poll predictions are still making the EU referendum results too close to call, global equity markets have maintained their positive Remain stance over the past few days and this has continued in European trade today, with equities pushing further forward.

“With less than 24 hours before voting starts, markets are now pricing in virtually no risk of an exit vote, which begs the question as to whether the euphoria is being overdone and how much upside still exists for investors, or whether this is irrational exuberance and investors are ignoring the risks?” 

At the time of writing, FTSE 100 stood at 6,234.

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