The UK has voted to leave the EU, according to media reports. What does this mean for you?
Key consequences of this decision include:
- Article 50 of the EU constitution, the law governing the process of the UK’s divorce from the EU, will be triggered at some point.
- This will start the two-year process to determine the terms of the UK’s EU exit, including its access to the single market.
- Pressure will mount on Prime Minister David Cameron to resign.
- The result is likely to hamper the UK economy to some extent.
- The ECB is likely to expand its asset purchases, to reduce the risk for investors
Click here to view a presentation from Fidelity International explaining the economic and market impact of this decision.