The momentous decision by the UK to vote to leave the European Union, popularly known as Brexit, is a step into the unknown.  At this stage the longer-term consequences for the markets, economy and British and European politics are dif cult to predict. The country is likely to enter a large period of negotiation around the terms of the exit.
In the shorter-term we can expect share, bond and currency markets to be extremely volatile – not just in the UK but globally. In the days leading up to the referendum, sterling and global stock markets strengthened in the mistaken belief that the UK would opt to remain in the EU. Now, as markets re-adjust to the new reality we can expect extreme turbulence in nancial markets.
Full article – Insight – A decisive outcome from the EU Referendum post cameron (PDF)

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