Brexit: A 28+ month headache in the making… As the UK faces the “stark reality of crumbling influence on the world stage,” David Cameron is expected to address Parliament today after a weekend of political and market turmoil after the vote to leave the EU, Bloomberg reports. Opposition Labour Party lawmakers’ attempts to throw leader Jeremy Corbyn overboard left the sense that “Britain was facing its greatest crisis in half a century with neither a functioning government nor an opposition,” Bloomberg reports.

Meanwhile, the GBP slid further, with the Financial Times (paywall) writing that “beyond potential ructions for the [GBP], the greater concern is that a broadly stronger [USD] triggers another wave of emerging market jitters led by increased pressure on China’s [CNY].” Brexit could also trigger central bank moves in the form of easing and currency intervention. On the upside, “Brexit’s fireworks for markets was another down leg for top-tier government bond yields” and an extended fall in asset prices could be “tempting at some stage.” RS Investment Management is already saying declines left equities in Greater China looking more attractive.