FTSE 100 Plummets by More Than 7% in Biggest Fall in History and Pound SLUMPS

More than £100billion was wiped off the FTSE 100 this morning (bottom left) - the biggest fall in UK history - as Britain's decision to leave the EU caused panic across the globe. London's premier index plunged 458 points to 5,880 - down 7.19 per cent - as experts warned of more carnage to come. The collapse is far greater than Britain suffered after the Winter of Discontent in 1978, Black Wednesday in 1992 and when Lehman Brothers shut in 2009. The pound dropped more than 10 per cent against the dollar and Britain is likely to lose its AAA rating. Traders around the globe, including in London (main picture and bottom right), were left in despair and Bank of England Governor Mark Carney said today there would be ongoing 'market and economic volatility'.