British voters’ decision to exit the European Union (termed Brexit) took the world by surprise, wiping nearly $2 trillion from the global markets on the day the referendum results were announced. The British pound fell to a 30-year low against the US Dollar on the day. Though most global markets have recovered a bit from the lows witnessed on June 23rd and 24th, the uncertainty around how the whole situation plays out continues to cast a shadow on the global markets. The Brexit process by law will take two years to transpire, once the UK formally notifies the EU,creating a lot of economic, financial and political uncertainty about the British economy in the interim.

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