As you surely know already, the UK’s surprise vote in favor of exiting the European Union has left people all over the world trying to figure out the ramifications of a process that could take 2 years or more to actually execute. The most immediate impact is in financial markets, which abhor uncertainty and look to put a price on the outcome of that process before it has even begun. And the trading effect is twofold — altering equity values worldwide, primarily downward, while also driving currency exchange fluctuations, there primarily lowering the value of the British pound against other […]
