SO Brexit happened. Now what?

And Britain has finally exited the European Union (EU) after 43 years. The markets’ immediate reaction? The Pound fell to 31-year low (1985 levels) of US $1.32 to the British Pound, and the FTSE 100 fell 7.3% at press time. It is almost definite that European Markets will probably take a hit, and European equities and fixed income asset classes will be under pressure. Asia is not likely to be hit badly by Brexit, because its investments in the UK and Eurozone are very limited. But the world economy has taken a blow, and because of this, Asia will also be affected.

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