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Brexit Fallout Could Last for Years

LONDON—The results are in from Thursday's referendum on U.K. membership in the European Union, and with votes to “leave” topping those to “remain,” financial markets are expected to tank.

By Natalie Dolce | nataliedolce | | Updated on June 24, 2016
Will the Brits quit the EU? If U.K. votes to leave, global markets will destabilze, analysts say. (Photo: AP) Will the Brits quit the EU? If U.K. votes to leave, global markets will destabilze, analysts say. (Photo: AP)
LONDON—The results are in from Thursday’s referendum on U.K. membership in the European Union, and with votes to “leave” topping those to “remain,” financial markets are expected to tank. And according to GlobeSt.com sister publication, ALM’s ThinkAdvisor.com, “markets haven’t priced in any of this.” Those words were according to Jacob Kirkegaard , senior fellow at the Peterson Institute for International Economics , referring to a “leave” victory. And the fallout could last for years, marking Brexit as the biggest shock to financial markets since the 2007-2008 financial crisis. To read the full story on ThinkAdvisor.com, click here. And to read other coverage from GlobeSt.com, including exclusive commentary from seven SIOR members from across Europe and the US , see the below articles on the subject. Do Geopolitical Events Influence Housing Market?

A Trans-Atlantic Take on Brexit’s Implications

Sales Slowdown: Not Only UK, Not Only Brexit

Yellen: ‘We’ll Be Watching Job Market Carefully’

Brexit Casts a Shadow Over London’s Office Market

On Brexit Vote Eve, the Architecture Billings Index Says ‘Better Days Ahead for Construction’

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