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Palisade Research's picture

Forget the politics.

Forget the impact on London's status as a global financial hub.

Forget the potential for independence referendums in Scotland and Northern Ireland.

Forget the future of the European Union.

 

Brexit is certain to have serious ramifications on all of these items, but it will take time for such sweeping changes to be agreed upon and implemented.

 

Following Brexit, Britain can take up to two years to leave the EU. Therefore changes across Europe are likely to take time to hammer out.

 

But there is one change that became readily apparent as a result of last night's vote and the chart we have prepared tells the entire story.