Long Term Effects of Britain's Exit From European Union

As expected news of BREXIT (or unexpected, doesn’t matter) came, along came the definitive volatility of markets globally. This has created major uncertainty about future of Britain’s bilateral trading arrangements, with important markets like the USA, Canada, China and mainly European Union. Also, speculations on changes in European Union's policies after this exit have became the most highly anticipated target by traders, investors, organisations, banks and even governments world over.

Also, European Central Bank and Bank of England are on alert for a funding crisis in the banking sector and may in turn could took into consideration of cutting interest rates if the situation calls. This uncertainty following the referendum up to parliament’s decision will keep markets highly volatile.

Also, new policies by both entities would be to stabilise economy and bring back the country to growth path.

One of the impact of decision by Parliament of Great Britain will be to look forward if other member countries will egress, by taking similar referendum to their respective constituencies.