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Tuesday, June 28, 2016

Pound and shares rally after two days of record Brexit losses – business live

FTSE 100 has clawed back Monday’s losses, after world markets suffer their biggest two-day falls in history * Fitch: Ireland could be downgraded over Brexit * Branson: Thousands and thousands of jobs to go * Osborne: Taxes will go up * Shares recovering this morning * $3tn lost in biggest two-day rout ever * Introduction: UK loses AAA credit rating 2.48pm BST And here’s the Greek prime minister on the lesson from Brexit: Alexis Tsipras: hopes #Brexit will be wake up call for the rest of Europe.. Emergency initiatives to replace austerity with growth. 2.45pm BST Back with the European parliament: Today, the European Parliament called on UK to invoke Article 50 TEU as soon as possible. Read the adopted version: pic.twitter.com/lifoMxlENy Continue reading...


READ THE ORIGINAL POST AT www.theguardian.com