LONDON (AP) – The Latest on Britain’s historic vote to leave the European Union (all times local):
8:10 a.m.
British and European stock markets fell again on Monday amid the uncertainty over what the U.K.’s vote to leave the European Union might lead to.
The FTSE 100 benchmark in London was down about 1 percent at 6,090 while Germany’s DAX was 0.5 percent lower at 9,509.
One of the reasons the FTSE 100 has not dropped more since Friday, when it closed only 3.2 percent lower, is that many of its listed companies earn money in foreign countries, and the pound’s sharp drop will translate into higher profits when that money is brought back to the U.K. The pound’s drop also makes those shares cheaper for investors outside Britain.