UK shares and pound continue to fall

UK shares have remained volatile in the wake of the Brexit vote, while the pound fell further against the dollar after Friday's record one-day loss.

The FTSE 100 index was down 0.7% at 6,096.44 in early trade, although the fall was not as bad as some had feared.
The index had plunged more than 8% at one point on Friday before recovering some ground to close 3.2% lower.
Sterling was trading at $1.3460, down 1.8%, although this was above the low of $1.3228 hit on on Friday.
On Friday the pound had its biggest one-day fall against the dollar, at one stage sinking as low as $1.3236.
The FTSE 250 index, which mostly contains companies that are more UK-focused, was down 1.8%.
In a statement issued before the UK stock market opened, Chancellor George Osborne said the UK was ready to face the future "from a position of strength".
He also indicated there would be no immediate emergency Budget. Mr Osborne said there would still need to be an "adjustment" in the UK economy, but added it was "perfectly sensible to wait for a new prime minister" before taking any such action.
The price of gold rose on Monday, up 1.5% to $1,335.30, although it was below the two-year peak of $1,358.20 reached on Monday.
The gold price often rises in times of uncertainty as it is viewed as a haven asset.

Yen worries

Authorities in Asia have been taking action to stabilise financial markets.
After an emergency meeting, Japan's finance minister Taro Aso said that he had been instructed by Prime Minister Shinzo Abe to take steps to stabilise the currency markets if needed. "Risks and uncertainty remain in financial markets," Mr Abe said.

source: BBC