1. Various of trading floor and stock market traders at BGC brokerage company
2. SOUNDBITE (English) Mike Ingram, Market Strategist:
"The markets certainly rebounded significantly today and I would argue that to a large extent it's a reaction to the near panic stations that we saw in previous sessions, arguably some of the fallls, particularly in the finical sector that we have seen over the recent days have been absolutely enormous. Yes I think it's undoubtely the case that there will be an economic impact certainly in the UK and perhaps to a lesser extent abroad, but to see some banking stocks down 20, 30, 40 percent certainly looks to have been a bit overdone so I can certainly rationalise that. Also I think some of the political rhetoric has been dialled down a little bit, perhaps we're not gazing so much into the economic abyss that many though we might be certainly in the run up for the referendum. Of course we had project fear here in the UK (referring to a term used by the 'Leave' campaign about the 'Remain' campaign on the conseuqences of vote to leave the EU). So I think that's a steadying of nerves, but of course in the very early days yet we've come down a long way and we've still got a long way to go on the way up and tomorrow is another day but we'll still be here."
4 SOUNDBITE (English) Mike Ingram, Market Strategist:
"OK, the pound was trading up a little bit earlier on in the session. it got to 1.34 (Pound Sterling) in change versus the (US) Dollar, (it's) softened somewhat in that last couple of hours and it's pretty much unchanged now to 1.33 (Pound Sterling) to US Dollars. In terms of bond markets within Europe we have seen perhaps a little reaction in and around UK sovereign debt gilts (UK government liability listed on the London Stock Exchange). That might be up ascribed to the move overnight by Standard and Poor's and Fitch to both downgrade the UK sovereign (credit rating). Having said that it generally seems to be a "rest on" day, I've also seen bonds have a very mild sell-off as well so I would probably be a little bit cautious in theorising that this is the start of a more profound sell-off in UK sovereign debts."
5. Various of trading floor and stock market traders at BGC brokerage company
UK markets recovered on Tuesday, after two days of post-referendum losses.
The decision of the British people to vote to leave the EU last thursday had sent stock tumbling and the British pound reached a 30-year low.
On Tuesday the FTSE 100 index of the UK's biggest companies closed up 2.68 percent, mirroring European markets which also rallied.
Germany's DAX index had gained 1.93 percent on closing.
The British pound recovered somewhat, but remained near the 30-year lows it plunged to immediately following the British 'leave' vote.
Meanwhile a decision by rating agencies Standard and Poor's and Fitch to downgrade the UK's soverieign credit rating to AA from AAA in the aftermath of the vote hadn't yet had too much of an effect on the trading of UK sovereign debt gilts, said a market strategist.