Blogs

Brexit - a stock trader perspective on the referendum day

Introduction

If you haven't heard the word Brexit you must have lived under the rock. The citizens of the United Kingdom decided, by a narrow margin, to leave the European Union in a nationwide referendum, held on the 23rd of June 2016. This is a monumental event and its immediate consequences are far from clear at this point in time. However, we will try to analyze how this outcome, viewed as a piece financial news, has affected the markets and what lessons we can learn from it for the future.