Special Market Update: Brexit

The 'leave' campaign, a victory for the pro-Brexit voters, was quite a surprise to markets and the world. The United Kingdom, based on a referendum of all eligible citizens, voted to leave the European Union (EU) and became the first country to do so. The effects of the referendum vote are already being felt in the political spectrum and the financial markets. However, the structural changes will take some time. Financial markets, on the other hand, have not and will not take years to digest this revolution.