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Europe markets: Pound down eight percent, FTSE100 opens with free fall

The British pound took the biggest ever one-day fall Friday after the UK announced a Brexit. The pound fell against the dollar to 1.3672, down 8.8 percent Friday. The money market also reflected extremely choppy trading conditions. The European markets plunged at the open, the FTSE 100 opened down seven percent, while the DAX fell 10 percent. Market sentiment is weighed by post-Brexit uncertainties and UK Prime Minister David Cameron’s resignation.

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