Pound Reaches New Low On Brexit Fears

Steep falls for banks, airlines and housebuilders dragged the FTSE further into the red as the Brexit sell-off continues. The FTSE 100 was down by more than 100 points, or 1.65%, despite a better than expected opening. The FTSE 250, which is a better indicator of the health of UK businesses than the more global FTSE 100, fell even more sharply, down 5%, or 825 points.