All major European markets are down this morning, with the FTSE 100 trading 0.6% lower after an unexpected Brexit announcement which caused a spike in sterling volatility overnight.
In the UK, the FTSE 100 was down 0.6%, with the largest faller being miner companies Antofagasta, Evraz and Rio Tinto. Meanwhile, sterling's overnight volatility jumped to 23%, the highest level since last year's general election, as the currency fluctuates amid continued Brexit uncertainty. In Europe, the Eurostoxx 50 was down 1.2%, the French CAC fell 1.3% and the German DAX was trading 1.1% lower. Markets were shaken last night after it was announced a draft withdrawal text for Brexit had been agreed by the UK and the European Union. Prime Minister Theresa May is due to hold a ...
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