The London stock market has plunged in the wake of the UK’s referendum vote to leave the EU.In the opening minutes of trade, the FTSE 100 index fell more than 8% before regaining some ground by mid-morning.
Banks were hard hit, with Barclays and RBS falling about 30%, although they later pared losses to about 17%.
Earlier, the pound fell dramatically as the referendum outcome emerged. At one stage, it hit $1.3236, a fall of more than 10% and a low not seen since 1985.
