Last week, the U.K.’s referendum on European Union membership saw British voters voting to leave the E.U. by a 52.1 percent to 48.9 percent margin. What immediately followed was financial turmoil. The pound sterling fell to a 30-year low against the dollar and markets around the world saw some of their biggest single-day drops in years. In addition to the U.K.’s financial instability there’s also political confusion. PM David Cameron is resigning and no other British politicians seem to want to take his place, Scottish independence is back on the table and nobody knows what a British exit from the E.U. will actually look like or how long it will take.
This is a companion discussion topic for the original entry at https://www.hagerty.com/articles-videos/articles/2016/07/01/graph-of-the-week-british-auction-market-before-brexit