How They Got It So Wrong. Complacent Traders Stunned by Brexit

  • Betting odds had put “Remain” probability at 90 percent
  • “It’s impossible to describe this bloodbath” in the markets

Steven Major: Brexit About Something Bigger than U.K., EU

Simon Quijano-Evans has made a career of assessing the potential for instability in far-flung corners of the globe. On Friday, the chief emerging-markets strategist at Commerzbank AG in London woke to find some of the deepest financial peril he’d ever seen on the streets just outside his office.

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