Last week, the United Kingdom voted to leave the European Union.  

Immediately, the British Pound tanked, and David Cameron resigned.

The drop was so bad that France overtook Britain as the 5th Largest economy.

Here is a chart from the morning after the vote.

 

via TradingEconomics.

In the aftermath, the S&P downgraded U.K. … It will be interesting to see the long-term effects.

Will the pound bounce back? Will the British economy recover? 

 

 

 

What are your thoughts?