Shares and pound plunge on Leave vote


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.