Brexit live – ECB official in warning to City

The British and European political establishments are still reeling from the results of Thursday’s referendum vote on the UK’s EU membership

Markets were hammered on Friday after the result, with global markets losing $ 2tn of value on Friday – the single biggest one-day loss since 2007.

Key things to watch

  • Labour leader Jeremy Corbyn to give speech this morning

  • Foreign ministers of the founding six to meet in Berlin

  • Emergency Scottish cabinet meeting to be held today

  • Moody’s puts UK on negative credit outlook

By Mehreen Khan and David Bond

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