The Brexit referendum result sparked market volatility, upending the status quo, but it is not all doom and gloom.
After taking a dive in the aftermath of the Brexit vote, the global markets have steadied and refocused on other news as businesses assess the damage, and opportunities, ahead. Although US$2 trillion was knocked off the global markets in the aftermath of the referendum, I believe this initial strong reaction was very much due to the shock factor of a voting result not anticipated by most investors. Many big names in the investing world were caught wrong footed, creating a great deal of volatility and downward pressure on international markets.
