I was reliably informed that the Brexit vote would lead to economic catastrophe in Britain. I may have been misinformed.
U.K. stocks surged nearly 4% on Wednesday, helping the FTSE 100 erase all of its losses and then some in the wake of the U.K.’s vote to leave the European Union. … The midcap FTSE 250 index MCX, +3.22% also leapt Wednesday, up 3.2% at 16,002.90. But that index is still below Friday’s close of 16,088, which marked the start of a two-day rout.
British banks also bounced back up.
Huh. How about that.