The value of UK firms plummeted more than £30 billion on Monday as world markets reacted to Greece potentially leaving the euro currency.
London’s FTSE 100 index fell by 130.64 points to 6417.16, wiping out around £33.2 billion from the UK’s leading blue chip firms.
Value was also obliterated from other stock exchanges in European cities due to uncertainty over the future of the eurozone, including speculation that the European Central Bank (ECB) is planning another round of quantitative easing (QE) to stabilize the currency.
BYPASS THE CENSORS
Sign up to get unfiltered news delivered straight to your inbox.
You can unsubscribe any time. By subscribing you agree to our Terms of Use
The euro has fallen to a nine-year low since the beginning of 2015, as recessions continue to hit the weakest countries in Europe, notably France, Portugal and Spain. According to the latest figures, the euro is now worth around $1.186 US dollars.
Read More: More than £30bn wiped off UK markets over Greece euro exit fears
Niamh Harris
Latest posts by Niamh Harris (see all)
- Experts Say Glare From Car Headlights Could Be A Risk For Heart Conditions - April 18, 2024
- Hundreds Evicted From France’s Largest Squat Ahead Of Olympics - April 18, 2024
- Zelensky Says US Politicians ‘Don’t Care About Ukraine’ - April 17, 2024
Be the first to comment