#Brexit - whose next, whats next?

[robby]

@Quartz

…Why don’t you look at the graphs and see the changes in the longer-term context? The UK FTSE 100 was down in the 4000s not so very long ago.

First off, the FTSE 250 is reportedly a much better indicator of the British economy, because it includes smaller and more domestic-focused companies, besides various other issues discussed here.

Secondly, as I posted in this other thread in which you made similar comments:

@robby

Since the results of the vote, the pound has dropped to its lowest level in more than 30 years.

The FTSE 250 fell 7% yesterday. This was after it tumbled 7.2% on Friday, its worst one-day drop since 1987. In total it has now dropped 13.6% since the Brexit vote. There is no firm definition of what constitutes a stock market crash, but a double-digit dip in two days is getting awfully close.

And nothing (legally speaking) has actually happened yet. As we speak, the UK is still in the EU. If the Brexit actually takes place, far worse may happen to the British economy.