The Ibex is left almost 2 percent driven by the pound – Yahoo Finance Spain

MADRID (Reuters) – The Ibex-35 closed on Wednesday, losing nearly two percent and the support of 8,000 points, dragged down by a further depreciation of the pound by persisting uncertainty about the impact of “brexit” and the problems of Italian banks.

“at first there were minor falls, but as has been depreciating pound have deepened the losses. Nor help the problems of Italian banking while continuing to be spoken of a possible rescue and continued weak commodities, “said Angel Perez, an analyst at Renta 4.

the pound fell as below 1.28 dollars for the first time since 1985, fear of flight of foreign capital and rate cuts by the Bank of England.

Henderson Global Investors and Columbia Threadneedle on Wednesday joined other real estate investment funds, which yesterday suspended with immediate effect its operations in the United Kingdom to the insecurity caused by the British decision to leave the European Union.

in addition, oil continued its downward trend, adding another weakness to an already difficult environment, with European benchmark Brent barrel at $ 47.

In this context, the airline holding IAG was the worst value of the Spanish selective, depreciating 7.4 percent.

The banking sector was again one of the hardest hit of the session, weighed down by uncertainties surrounding the Italian financial sector and the possibility of contagion to other countries in the euro zone.

in Madrid, the decline in the financial sector was led by medium-sized banks, with falls of 4.32 percent of Popular and 3.8 percent in Bankia and Sabadell.

Santander, with heavy exposure to the British market, fell 1.8 percent and like BBVA.

CaixaBank fell 1.63 percent after noting that the elimination of the floor clauses could cost up to 1,250 million euros.

the Ibex-35 fell 1.75 percent to 7,926.2 points. The pan-European FTSEurofirst index fell 1.69 percent to 1,265 points.

The estate was left Merlin 3.6 percent to the concern caused by real estate investment trusts in the UK.

Among the great values, Telefonica fell 2.4 percent and Inditex allowed 0.9 percent. The Repsol oil fell 1.8 percent.

The only positive value that resisted the Spanish selective was Mediaset, which ended the session with a rise of 0.3 percent.