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BREXIT IMPACT

More volatility in financial markets likely this week

Long-term economic effects are expected to be more muted for the US and rest of the world, than for the UK

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On Friday, traders woke up to a new European order, and the Dow suffered one of its biggest point losses since the Great Recession, falling by more than 600 points.

WITH its epicentre in Britain, the biggest "earthquake" since the failure of Lehman Brothers hit financial markets last Friday and there are likely to be after-shocks aplenty this week.

Traders woke up to a new European order on Friday, discovering that the United Kingdom was quitting the