Threatened £100bn war on Iraq set to trigger massive stocks sell-off

WAR on Iraq which has a cost of £100bn tagged on to it could trigger massive sell-offs in stocks next week, a top economist has warned.

If George Bush leaves the UN on September 12 with a mandate for war then the dollar could come under massive pressure and the market will most likely nose-dive.

That’s the grim scenario facing markets as the drum beats for war start to sound, warned Ulster Bank markets senior economist Niall Dunne.