[Divemaster]

All major UK media calling the election a win for Brexit. Many 2nd & 3rd order effects to follow.

1. Scotland & Northern Ireland voted to remain. Particularly for Scotland, this could lead to a resurgence of the independence movement.

2. The pound sterling is currently plummeting in value to 1985 levels vs. the dollar. Banks could face short term liquidity issues as they try to cover positions. Will central banks intervene?

3. Current government (Cameron was a huge Remain proponent) could easily fall and new elections called.

4. It is a two year process to negotiate an EU exit deal. Current EU regulations covering the UK remain in effect. Expect the negotiations to be contentious.

5. Can the EU stand without the UK? How much more of the burden will fall to Germany?

6. Global economic impact? Will certainly be negative, at least short-term.

7. Technically, the vote is NOT binding on Parliament. Will they respect the will of the people?