"Brexit Boom," declared yesterday's Daily Express. The right-leaning British tabloid was celebrating the rally in the stock markets, as the FTSE 100 entered bull territory despite the "doom" claims of "Project Fear."
It is believed that the newspaper was alluding to the pessimistic prognostications of those who'd preferred to stay part of the EU, even if assessing the fairness of their chosen epithet lies beyond the scope of this article. It was right in a key respect. The markets have soared in the wake of the referendum, with the FTSE 100 extending its gains to over five percent since June 23rd, when a little over half of the U.K. electorate voted to leave the EU.