Brexit Meltdown (now with charts!)

We haven’t seen numbers like this since the financial crisis — although to be fair, these numbers bring us in the USA back to where we were on Monday, prior to the rally this past week; Europe seems to be getting punished to a much greater degree.

A few interesting charts worth sharing:


British Vote: London & Scotland “Stay,” Most of England “Leave”

Screen Shot 2016-06-24 at 6.50.18 AM
Source: Bloomberg


What Issues Mattered Most to Voters



Or the votes presented as a table:

Source: Fusion


Markets Around the World Fall between 4-15%

Click for up dated futures


futes 6.24 eu


US Futures Indicate 3-4% Lower Opening

futes 6.24
Source: Bloomberg


Global Markets in Table format

global markets
Source: Bloomberg


Despite the Selloff, Brexit’ Is No Lehman

Source: WSJ


But Currency Markets Have a 10-Sigma Movements

Source: Bloomberg


Polls forecast close race, but got it wrong

Source: Bloomberg


Safe Havens Attracting Risk Off Trade

safe haven
Source: Bloomberg


British Pound back to levels not seen since 1985

Source: Washington Post


The “Leave” Camp Trusts No One

Source: Bloomberg


UK has benefited from the EU Membership

Source: FT


Younger Generation feels Old Folks Stuck it to them

Source: Fastcompany


Its not just the Brits: Most of Europe does not like the EU

Source: Slate


Brexit’s First 100 Days: Chaos vs Damage Limitation

Screen Shot 2016-06-24 at 6.57.16 AM
Source: Bloomberg


Foreign Ownership of UK government bonds = 26%; Germany and France > 50%

gilt uk ger fr
Source: Deutsche Bank


Does Scotland now try to leave the UK and rejoin the EU?

Source: BBC via Liz Ann Sonders


How Bad is this for Business in UK?

Source: FT


Although there are still many ties between UK and EU

Source: NYT


But the Slump in Pound = possible growth of tourist spending in Britain

Source: Gadfly




Some other links:

  • A Bloomberg News primer on how Brexit’s first 100 days promise chaos, fear and damage limitation.
  • The Guardian outlines the aftermath of Brexit and considers theimplications for everyday life in the U.K.
  • Articles on the implications of Brexit for the Europe Union by theTelegraph and the Economist.
  • London School of Economics papers estimate the economic consequences of Brexit and consider British options outside the EU.
  • The U.K. Treasury considers the economic impact of Brexit.
  • The Open Europe think tank offers recommendations for the U.K. post-Brexit.
  • The Guardian: Is the Referendum Legally Binding?
  • Brexit indicators and poll tracking from Bloomberg, plus a story truth-squadding the arguments.