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Transcripts For KPIX CBS Overnight News 20160628

Ebay, may be in for a tougher time because their imports, suddenly became a lot more e expensive in Great Britain because of what happened to its currency. Mellody hobson, thank you. As if to underscore the difficulty britain faces. To date pound fell to a three decade low at over 1. 30. Standard poors lowered britains credit rating. Mark phillips has more on this. Reporter it may be years before britain actually leaves the eu, but already nothing is the same. Starting with the money. The continuing fall of the pound and the tailspin on the stock market means britain is already poorer. The warnings of an economic downturn are becoming fact. The leaders of the winning leave the eu campaign, like boris johnson, had dismissed those warnings. He was now dismissing the reality. Its clear now that project fear is over. Reporter it has been replaced by another project, the embittered referendum losers say. Project fear has turned to project farce. Reporter with its Economic Future on the line

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