Just a quick update here as I’m watching the vote live and all the market opens this morning.

As of 1430 HKT Jun 24th, 2016:

A New Reality:
Final Result LEAVE CAMP wins with 51.9% of the votes

• Pound suffers most dropping below $1.40 for the first time since 1985 (-8% today)
• The domino effect is starting around the markets worldwide with Europe opening up for the trading day.
• PM Cameron RESIGNS and mentions a new PM for October.
• Possible more QE, with BofE and other banks around the world looking to stabilise.
• Financials worst hit.  HSBC down -8.9%.
• FTSE -8.8%
• Nikkei -7.9%
• Margin calls hit.  And investors are not getting right back in as they normally would.
• Smart Money, was on REMAIN, and has got it very wrong.
• PROS
  • Gold heads past $1300/oz
  • Our Model Portfolios relatively less affected with the declines!