It’s just a monetary squeeze. British pound falls in value as the British economy suffers from losing access to glaobal free trade under the EU umbrella.
Money flees the pound and seeks refuge in the US and Japan sovereign debt, driving up the value of the dollar and the yen. So stock process will drop because the money used to purchase them becomes more valuable. Short term deflation until the dust settles. Cash is king until then...
Makes sense but not to the scale of this panic.
Thanks.