The markets may have taken Brexit in their stride for now but it would be complacent to assume the worst of the shock has passed. Mark Carney has dubbed the U.K.’s “economic post-traumatic stress disorder.” Meanwhile, the full extent of the Brexit shock will depend less on what happens in the U.K. than on its impact on the eurozone, whose... It will take time to assess the damage from what Bank of England Gov. Investors may also be betting that the U.K.’s political crisis will prove short-lived with the cautious Home Secretary Theresa May now the front-runner to be the next Conservative leader and prime minister.

Source: Wall Street Journal July 03, 2016 17:26 UTC