Brexit monetary surprise today, as well as for a long time


LONDON — With marketplaces crashing around the world, an economic shock looming in Britain and maybe the earth, and the anticipation of losing London as their European headquarters, financial executives stopped their all night vigil on Friday morning with the realization that their business was likely to fight for years, employ fewer individuals, and find it harder to manage across national borders.

I have not been depressed, said a senior financial executive after putting up with a top syturvy referendum night that finished in the shock Brexit choice. This is a huge own goal wills decrease, the future seems really quite doubtful, and the markets will endure.

The net result will be a smaller, sector that is more separated, according to bankers.