FTSE pares losses, regains 6k mark as dust settles over Brexit

The UK’s FTSE along with its European peers is seen recovering from a sharp sell-off witnessed during early trading, as investors were deeply shocked and hit by the Brexit news and gave up risky assets in wake of increased certainty on UK’s economic prospects sans EU’s membership.

The final results showed that 51.9% of all UK voters opted to leaving the EU, while 48.1% voted to remain part of it. The global risk-aversion cooled-of a bit following UK PM Cameron’s and BOE Carney’s assurances, driving the GBP/USD pair back towards 1.40 handle.

Germany's DAX 30 index now drops 6.5% to 9,560 now, while the UK's FTSE 100 index falls 5% to 6,011. Among the other indices, the French CAC 40 index loses 5.20% to 4,100, while the pan-European Euro Stoxx 50 index bleeds -8% to 2,770.