| The recent referendum by the British against staying in the European Union, which resulted in Prime Minister David Cameron resigning from office, also caused severe volatility in the global financial markets with the currency markets being the worst hit.
The first impact was that the British sterling pound crashed 8% against the dollar over the previous trading session as soon as the verdict of British wanting to exit the European Union was out. The British currency touched the lowest levels in 30 years adding uncertainty to the future value of the pound. It also dipped sharply against the yen. Some have even predicted that the pound would crash more severely than global stocks over the next year. ..............................................Full Article: Source
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