Live FTSE 100 rebounds and pound steadies after savage two-day Brexit rout
Tara Cunningham, business reporter Lauren Davidson
28 JUNE 2016
• 11:05AM
Pound rises back above $1.33
FTSE jumps 2% at opening bell after savage two-day Brexit rout
European bourses enjoy (dead cat) bounce as leaders try to ease fears
Asian stock markets rebound after Brexit vote slump
UK stripped of final 'AAA' rating
FTSE 350 surrenders £140bn in two trading sessions Brexit will pressure EU economies, warns rating agency Fitch
Rating agency Fitch has said that Brext will pressure EU economies and increase political risk.

The main drivers of economic pressure include lower exports to the UK, but the scale of the impact will depend on terms of any eventual trade deal, the ratings agency said. It warned that countries like Ireland, Malta, Belgium, Netherlands, Cyprus and Luxembourg are among the most exposed countries following the Brexit vote.

Looking at the wider implication of Britain's vote to withdraw from the EU, Fitch said it does not expect unilateral and sudden withdrawal of UK's capital from EIB.

Post-Brexit spike in overseas searches among British jobseekers
According to data from global job search engine Indeed , job searches out of the UK doubled in the immediate aftermath of the Brexit referendum results.

Job searches for roles in Ireland more than doubled, while job search traffic also increased from EU countries to Ireland. Mariano Mamertino, economist for EMEA at job site Indeed, said:

“Most job seekers looked to the very countries of the European Union that Britain will be leaving, with Ireland attracting the most searches. But job search didn’t just stay in Europe, as UK-based job search rose 73% for the rest of the world too, to countries like the US and Australia.”

UK banks show record demand for Bank of England funds
UK banks submitted a record volume of bids for Bank of England funds in a special post-Brexit auction for six-month finance this morning.

Although banks bid for £6.33bn of funds (which was the highest volume since February 2014), the Bank of England only allotted £3.072bn worth of requests. The central bank said that most bids for funds were secured against lower-grade collateral.

Nigel Farage jeered and booed as he tells MEPs they are 'in denial' over Brexit
Ukip leader Nigel Farage was jeered by the European Parliament after he told MEPs that they were "in denial" about Brexit and that they had "never had a proper job before".

His astonishing speech at a special meeting of the European Parliament today ending with boos echoing through the Brussels chamber.

Mr Farage used his speech to declare that Brexit was "a beacon of hope" to other member states.

He said he wanted a "grown up and sensible attitude" to negotiating the exit.

Mr Farage had earlier seemed to offer some conciliatory private words to European Commission president Jean-Claude Juncker on Tuesday and received a peck on the cheek in return in the Parliament. As EU lawmakers gathered to digest Britain's Brexit vote, Mr Farage, who has long used the Brussels legislature as a platform for his campaign to get Britain out, walked over to the European Commission president and spoke to him briefly and apparently amicably.

As Mr Farage made to turn away, Mr Juncker, a former prime minister of Luxembourg with a penchant for warm greetings, pulled Mr Farage toward him and gave him an air-kiss on the cheek.

(Read more here)