The Referendum That Caught Everybody Off Sides

After the dust settled last Thursday, over 30 million British citizens (more than the recent general election) turned out to vote in a referendum that asked whether the U.K. should remain or leave the European Union (EU). With the majority favoring a divorce from their perceived overbearing partner, the results stunned the world. Prior to the June 23rd referendum, the “remain” camp had regained the upper hand in the polls and markets had certainly reacted positively to the status quo. In an instant, all was undone.