Earlier S&P had also put the boot in by withdrawing the UK’s proudly held AAA credit rating.
Not to be outdone, the bond market dropped the UK ten year bond yield to 0.93%, apparently a “300 year low” (see chart)
The fall out from Brexit continues to be felt in the US. Consider the graphic (below) of the federal funds rate. Probability of a rate *cut* growing by the day.
Click to enlarge on Charts below