On the day of the announcement, the Chicago Board’s measure of market volatility (known as the VIX) jumped by 49 per cent from the previous day, the fear of the unknown aptly accounting for the spike in volatility. The UK’s present and future are now riddled with uncertainty, naturally accompanied by a flight to safety.
As risk aversion soared, safe-haven assets were in high demand, and as such the price of gold breached the $ mark for the first time since January 2015 while the US 10-year Treasury yield fell 19 basis points and the German 10-year bond yield  1  www.thefinancialphilosopher.com. BIS central bankers’ speeches  1  fell to a record low of –0,05 per cent.