Asian stocks and the pound dropped beyond 2% in early trade on Monday as markets try to dismiss the great uncertainty brought on by the Brexit.
U.S. S&P mini futures ESc1 slipped 0.7% to 2,004 on Monday, while MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 1.2%. On the other hand, Japan’s Nikkei climbed 1.8%, a slight improvement after the 7.9% decline on Friday.
The pound was down 2.3% to $1.3388, a bit far from the 31-year low of $1.3228 hit on Friday. The euro also fell by almost 1% against the greenback.
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