Between blotch and blok

The market had factored in both their expectation of the chances of brexit and the uncertainty. The steep rise beforehand was because they'd calculated the former wrong, so the one-day fall can be ignored. Some of the uncertainly has gone with the result, but more remains. I reckon the market is 10% down on where it would be with a Remain decision, which is probably a fair assessment of the reduced value of the equity. The FTSE 100 has lots of foreign derived income, which of course has now risen, the FTSE 250 index is a better assessment of UK based companies, and that has fallen more.