Global markets plunge after UK votes to leave EU

HSBC predicts further 10% fall for sterling

Britain is likely to lose its final triple-A credit rating, following the referendum vote.

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Shares in two major banks, HSBC and Standard Chartered, have both tumbled by almost 10% in Hong Kong (where they are dual listed).

That gives you an idea of what to expect in London at 8am….

Gold, the traditional safe haven in times of market turmoil, has soared in value overnight.

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