– European equities drop with British banks among biggest losers
– Gold climbs for second day with yen as haven demand persists
Sterling fell below Friday’s lows with a 3.7 percent slide to the weakest since 1985 and the FTSE 100 Index retreated alongside European shares, weighed down by upheaval within Britain’s two major political parties even before Brexit negotiations begin. Declines for British banks put a measure of European lenders on course for the biggest two-day drop on record. Demand for haven assets boosted gold and government bonds.
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Don’t miss Michael Campbell on the The Age Of Consequences
