Post Brexit: Britain sets itself adrift

Financial stability: A pedestrian exits an underground station next to the BoE in the City of London. Moves by the BoE to preserve financial stability have begun to settle nerves. – Bloomberg

BREXIT marks the end of Britain’s 43-year membership of the European Union (EU). No state has left the EU since Belgium, France, Germany, Italy, Luxemburg and the Netherlands founded the Community under the 1957 Treaty of Rome.

Brexit had shocked global financial markets, seen the value of sterling collapse, shattered relations with Britain’s other 27 EU members, changed its prime minister, and jeopardised the continued integrity of the United Kingdom (UK).