In times to come, the British referendum outcome will be seen as an inevitable milestone in the ineluctable journey of history that shapes human beings rather than the other way around. Just as the assassination crystallized the underlying issues that were fermenting, the referendum outcome had drawn attention, yet again, to the social and economic divisions that the decades leading up to 2007 had generated. For Britain, exiting EU might turn out to be a bad decision only if other countries from Europe emulated its example. But, King concedes ominously that changes to the way the world is governed take place after periods of war than in times of peace. But, the pound is on its way to becoming a super competitive currency, if it has not become one already.

Source: Mint June 27, 2016 18:45 UTC