Corporate Advisory

Brexit – The Morning After

The decision has been made, now time to reflect, look forward and figure out what this all means

Leave’ won, but it is not a clear victory, despite the numbers. Brexit has revealed deep divisions across Europe, and the consequences have been swift. But amid the chaos, there are some important factors that need to be considered. What does it mean for MiFID, and what’s next?

So ‘Leave’ won, but it is not a clear victory, despite the numbers. Brexit has revealed deep divisions that exist not only in the UK, but that are representative of views across Europe – between political classes and generations; between centralists and the regions.

The consequences have been swift – the sterling and the Euro are in freefall, with the pound suffering its biggest fall for ANY currency in 40 years; the UK Prime Minister announced his resignation; the Labour leader Jeremy Corbin now looks set to be ousted; and Scottish First Minister Nicola Sturgeon is set to hold a second referendum, with even the new London Mayor, Sadiq Khan, demanding the UK must remain part of the single market. Nationalist politicians in France, Italy and the Netherlands are calling for their countries to also leave the EU. Even Spain is now demanding Gibraltar back. In short: total chaos.

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