Brexit – Page 2 – Since the Brexit

– how the world has changed since June 23

Financial markets plummet in response to surprise Leave vote

June 25, 2016June 26, 2016 adminBrexit, EUR, Financial, FTSE, GBP, stocks, USD0 comment

The Leave vote came as a surprise to the financial markets, as the last polls before the Brexit referendum had shown a small but fairly secure victory for the Remain side. Even the UK bookmakers had got it wrong, and in the days before the referendum some bookies offered odds of 2/9 on Remain, implying a 82 percent winning chance for that outcome. As such, the financial markets were generally unprepared for the final result, which therefore came as a huge shock to the international financial markets. The British Pound dropped early on in…

UK Politics

First Casualty: David Cameron

June 25, 2016June 25, 2016 adminBrexit, David Cameron, Downing Street, PM, Renegotiation0 comment

British PM David Cameron became one of the first known casualties of the Brexit vote as, in the morning of June 24, he informed the Queen and the public of his intention to stand down as Prime Minister of Great Britain and Northern Ireland. He will remain in place, however, until the Conservative Party conference in Birmingham on October 2-5, 2016, where his successor is likely to be announced. The date of the Brexit referendum was announced by Cameron in February 2016 following a lengthy process of renegotiation with the EU. In…