The value of bond trading has fallen to a near-record low as investors fear Britain’s bond market is in a “bubble” that could be rocked by the Brexit vote.
Reuters 1/12 £3.3tn pound sterling fell on Monday, falling below $3.30 as the pound lost ground on worries over the UK’s referendum.
The currency is currently trading at $3,283.00, down 0.3 per cent from Monday’s close.
Sterling’s fall was the biggest one-day fall on record.
Getty Images 2/12 UK equities dipped for a third day in a row, with the S&P 500 index dipping 0.1 per cent.
The gauge’s drop was its biggest one day drop since July 26.
The pan-European FTSE 100 index .FTEU3 .GOOGL4 .PINK4 .SXP2 .FTSE fell 0.7 per cent to 5,766.90.
The index’s decline is its biggest since March 29.
The drop in the pound has also hurt sterling.
Rex 3/12 The Dow Jones industrial average .DJI fell 117.67 points, or 0.6 per cent, to 17,848.91.
The Nasdaq composite .IXIC dropped 13.93 points, to 6,636.73.
The Russell 2000 index .SPX lost 13.06 points,, or 1.1 percent, to 1,959.60.
The tech-heavy Nasdaq Composite Index .IXICS .SPXX lost 10.96 points, by far its biggest weekly one-week percentage drop since December 14, 2013.
The blue-chip index is down more than 20 per cent since the Brexit referendum.
Getty 4/12 US stocks rose on the news that the FBI will reopen its investigation into Hillary Clinton’s use of a private email server, as well as concerns over the Brexit trade deal.
US stocks ended higher, on expectations that the Federal Bureau of Investigation will reopen a criminal probe into the email server and that the Trump administration will seek to renegotiate NAFTA.
The S&p 500 .SPY rose 2.1 points, following a weaker-than-expected report from the manufacturing sector.
The Dow .DJP gained 11.9 points, on optimism that the Brexit negotiations with the EU would be concluded before the end of the year.
The FTS 20 .DJR added 3.1.
The benchmark S&P 500 ETF .SPLRTC rose 0.9 per cent after the Labor Department said it would allow some workers to join collective bargaining efforts in the event of a strike.
The median forecast for US home sales rose to a four-year high in September.
Rex 5/12 Unemployment in the UK rose to 11 per cent in the third quarter from 10 per cent the previous month.
The figure was the highest since November 2016.
Getty 6/12 Britain’s inflation rate rose to 0.5 per cent last month, its highest since June 2015.
The rate of increase has risen for two years in a short space of time.
The Bank of England has said that the rate of inflation is likely to keep rising.
Reuters 7/12 More housebuilding was completed in September than in any other month this year.
However, the pace of building fell slightly to a five-year low in September, according to the Office for National Statistics.
The fall comes despite the fact that construction activity picked up sharply in the first half of the financial year.
Rex 8/12 Jobseekers benefits were cut by £1.60 in September as the Bank of Jobseekers announced that it was reducing benefits by an average of £2.80.
The Jobseekers’ Allowance (JSA) is designed to help people find work when they are not looking for work, and was cut by the Government in July 2017.
It is now £3 per week.
The JSA has been reduced by almost £10 billion over the last Parliament.
Getty 9/12 There were 3.34 million fewer people in employment in September compared with the same month last year, official figures showed.
Labour’s rate of growth slowed to 0,09 per cent compared with 0,18 per cent a year ago, as the economy shed 2.2 million jobs.
The headline rate of unemployment was unchanged at 4.9 million.
PA 10/12 People queue to register for the first time to register to vote in the general election at a polling station in London, September 12, 2018.
Rex Features 11/12 A man votes at a voting station at a casting office at a primary school in South Kensington, London, on September 12.
Rex 12/12 Candidates for the 2017 British general election gather for their first debate at the Central Hall in central London, October 5, 2018, the day before the general elections.
Getty 1/13 £3!9tn pound currency fell on Sunday, falling under