British and European stocks are rising, as is the pound, after a bruising two days in which investors fretted over the consequences of Britain's vote to leave the European Union. The pound, which has suffered most from the uncertainty in recent days, rose 0.9 percent to $1.3347. The country could fall into recession, according to some economists, and companies are already issuing profit warnings. The British stock benchmark, the FTSE 100, was up 2.1 percent at 6,109 and indexes across mainland Europe were also up by over 2 percent. That is still a 31-year low, however.

Source: ABC News June 28, 2016 08:23 UTC