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Europe’s Most Devastating Storm in Decades; UK Bond Trading Markets down

Europe's Most Devastating Storm in Decades; UK Bond Trading Markets down

Europe’s Most Devastating Storm in Decades; UK Bond Trading Markets down

Europe’s most devastating storm in decades hit mainland Britain and the Netherlands, impairing all modes of transportation across the mainland Europe.

Yesterday’s storm which caused travel disruptions possessed winds of up to 99 miles per hour.

It brought a total of fifty flight cancellations in Amsterdam’s Schiphol. The most active dock in Europe, the Rotterdam Port, also had delays in their outgoing and incoming vessels.

In the Netherlands, almost all train operations were shut down. Deputy Prime Minister Nick Clegg also called off a press conference after the Cabinet Office in London was smashed by a crane.

The spokeswoman of the Britain’s Met office said this is a different kind of storm since the past ones they experienced developed over the Atlantic, so by the time they reach Britain, the intensity has already subsided. The most recent storm strengthened as it moved across UK.

It also dug up trees in France resulting to power interruptions all over the country. Up to 75,000 homes lost electricity due to the falling trees.

The reported deaths include a teenage girl who was killed by a tree that fell onto their home in Kent county. Television news items reported a woman who got killed by falling trees in Newcastle. A tree that smashed a car in Watford, London also killed a man in his 50s.

Another resounding effect of the storm is the decline in the volume of bond trading of the British government. The London-based sterling trading also suffered greatly reaching a cutback of almost 70 percent.

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