Five Charts to Watch in the Aftermath of the Brexit Vote
Brexit: Winners and Losers
Britain's historic decision to leave the European Union has provoked a sharp reaction in markets.
While the pound plunged to its lowest in more than 30 years and FTSE 100 futures suggest a sharply lower opening for U.K. stocks on Friday morning, the impact of the vote is being felt across global markets. Here are five charts to keep an eye on as the trading day unfolds.
Money markets
A gauge of where bank borrowing costs will be in the months ahead, known as the FRA/OIS spread, reached the highest level since 2012. Bank of Japan Governor Haruhiko Kuroda is the first central banker to say that he stands ready to provide sufficient liquidity, including using cross-currency swap arrangements, to ensure stability. Results of the vote mean Bank of England Governor Mark Carney is now on the front lines of preventing a Brexit-spurred financial crisis.