Fear grips investors as global stock markets remain volatile

Global stock markets have hit reverse again while the pound is at its lowest level against the dollar in 35 years, raising doubts about governments' ability to contain the economic damage inflicted by the coronavirus outbreak. The US oil benchmark WTI crude closed Wednesday with a 24% drop to $20 a barrel, the third worst day on record. Brent, the international benchmark, dropped about 9% to a 17-year low of $26 a barrel.  The FTSE 100 plunged by just over 4% on Wednesday to 5,080 points - wiping out strong gains seen the day before - despite "unprecedented" measures announced by chan...