Brexit, Cricket and Coups: The Latest Questions on What’s Next
- What happens to all the EU citizens living in the U.K.?
- Could Scotland block Brexit by refusing to give consent?
What's Next for the U.K. After Brexit Vote?
Britain is coming to terms with its decision to leave the European Union. Here are some of the questions people are asking before Monday’s market open:
Some investors and analysts are whispering that Brexit poses the biggest threat to the financial system since the collapse of Lehman Brothers. Others say it’s the biggest challenge to the Western political order since World War II. While key indicators of credit market stress jumped on Friday, they’re still considerably lower than the heights of the financial crisis in 2008. Regulators have also taken any number of steps since then to fortify the banks and reduce market risks. And central banks are ready on the sidelines. So far at least, the crisis seems contained.