Britain decided to leave the European Union in what was clearly a shock to the markets. A consensus put the possibility of ‘Brexit’ at 9% a mere few hours before the EU Referendum took place on the 23rd June. As results started flowing in, so did the markets tumble. Several index futures including the S&P and Stoxx were down 5%, hitting their lower limits for the day. The pound took a massive beating falling to a 31-year low. Brexit came at a time when markets have already been struggling due to a weak global economy and has added to the prevailing uncertainty.

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