EU Referendum: Financial Services — Overview

In the immediate aftermath of the UK’s ‘out’ vote, the most significant impact was on UK-listed financial stocks. The shares of Barclays, Lloyds Banking Group and Royal Bank of Scotland were the three biggest fallers when the UK market opened on Friday.

There was a similar impact on the pound: it fell almost 7 percent against the dollar — a traditional safe-haven currency — on the news when it was first announced. The price of gold — another safe haven when investors are worried – jumped as the news became apparent.