BREXIT VOTE FUELLED £146bn BETTING FRENZY

CURRENCY traders bet £146bn in a selling frenzy as markets reeled on the night of the Brexit vote, new figures show.

A study by City firm CLS Analytics revealed that the night of June 23 was by far the busiest session on the sterling-dollar market in the past 12 months.

The referendum result shocked the City and sent sterling falling by as much as 12pc against the dollar.

At 3am that morning, as it became clear Leave had won, there was almost 30 times as much trading activity as normal. The next- biggest moment for the pound was the so-called flash crash in October, when it plunged 9pc in seconds before gradually recovering most if its losses over the next few hours.

This period of intense volatility saw £105.1bn change hands.

Third on the list was the election results night earlier this month, when the currency tumbled around 2pc as Theresa May lost the Conservatives’ majority in an unexpected twist.