The pound will go up and down like Yo-yo for a while as the market hates uncertainty. It's known as a 'dead cat bounce'. Other European countries also fed up with the E.U. are looking on with interest. It will take at least two years to negotiate the split. Don't get too excited about exchange rates just yet as they first went up before going down during the night. It's business as usual for now. U.S. trade with the U.K. should get easier without E.U. interference. Lagopus.....