The forward-looking Wall Street: After BREXIT, what happens? What's next in financial markets?
The Swiss Franc melt-up in 2015 topped at around +21% against the USD.
The GBP melt-down in 2016 may likely do the same temporary bottoming process at -21% from today's open in a few weeks' time. However,GBP is in a secular big downtrend.
Additional Side Note:
<< Brexit, UK, North Ireland and Scotland: Possibly More Chaos Coming >>
It is possible that Scotland could now say they want to break away from U.K. because Scotland was taken out of EU against its own will and that they have no reason to stay with U.K. anymore. It was because of EU that the Scots stayed with U.K, but now that U.K is no longer inside E.U, the Scottish have justifications to Brexit from UK as well. A second referendum on Scottish independence should be coming soon and that will see the Great British Pound receive another round of Great British Pounding. Maybe like the European dis-union, even the Union Jack will be dis-unioned. The UK may prepare to take out the Scottish flag that is embedded inside it if Scottish independence referendum passes as well. North Ireland in U.K may also vote to join Republic of Ireland.