The London Stock Exchange and offices at Canary Wharf have been evacuated in the wake of massive terrorist attack on the World Trade Centre in New York and the Pentagon in Washington DC.
Two passenger aircraft were this morning hijacked and crashed into the two towers of the trade centre causing appalling damage and untold casualties. In Washington DC, a third aircraft was reported to have crashed into a helicopter pad situated close to the US government’s Pentagon building.
Offices at Canary Wharf, including those of Big Five firm, were also evacuated as fears spread that the London financial might also be a target for terrorists.
Other City offices are thought to have been placed on alert in readiness for evacuation.
The terrorist strikes have halted a crucial board meeting of the International Accounting Standards Board in London. The meeting taking place in London?s Cannon Street included heads of US, European and Antipodean domestic standard-setters as well as IASB board members, many of whom are from the US, was called off following the news of the large scale attacks. The board was discussing business combinations when the meeting ended.
Stocks across have Europe plummtted. The FTSE 100, already on the slide, went through the floor hitting a low of 4,858 after opening at 5,033.
Other indices also fell drastically including the FTSE techmark which dived from 1,340 to 1,275.
Currencies saw marked reactions with the dollar slipping to $0.9025 against the euro.