The UK voted to leave the EU by 52 per cent, with a voter turnout of approximately 72 per cent, in what was an unexpected result for many.
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.