UK: Coping with the Referendum Aftermath - TDS

Research Team at TDS, suggests that the UK has voted to leave the EU, but we’ve been left with more questions than answers.

Key Quotes

The Conservative Party’s leadership race is underway, while the Labour Party is having problems of its own with at least 8 shadow cabinet members resigning over the weekend. There’s also speculation over whether Brexit will actually go ahead and if there’s any way to stop the process, including a petition signed by over 3M people calling for another referendum, and a pledge by the LibDem leader to do everything in his power to stop the process.

Lastly, there’s the question of market reaction and whether we’ve seen the worst of the adjustment, or whether there’s more forced selling to come this week as margin calls are made and businesses take the weekend to reassess their GBP exposure.”