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Osborne calms markets as FTSE 100 only down 0.8%; Gilt yields fall to 1% for first time ever

Osborne calms markets as FTSE 100 only down 0.8%; Gilt yields fall to 1% for first time ever

The FTSE 100 opened down 0.8% in the second day of trading following the Brexit vote decision while 10-year gilt yields have fallen to an historic 1%, as Chancellor Osborne moved to reassure markets with an early morning statement saying the UK was “open for business”.  The FTSE 100 was trading at 6,090 this morning,

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