That Eurozone economies are in big trouble, way worse than any short term Brexit impact, and I tried to point
this out many times in the previous threads. The Euro is in serious trouble, they've been kicking the can down the road up to now.
Besides, UK equities were lower even just earlier this year:
FTSE 250 is down 7%, to 16,088. It almost hit 15,000 back in February.
FTSE 100 is down 3%, to 6,138. It was below 5,500 back in February.
Compare that to Italy’s FTSE MIB and Spain's IBEX, both down 12.5% and Athens equities down 13.5%.