Last Friday British voters shocked the world by voting in favor of parting away with the European Union a day before. People of the United Kingdom voted by 51.9 percent in favor of moving out of the European Union, a result no one was ready for. Latest survey, currency market movements, and Betting odds, all had predicted a stay inside the Union.

Though the vote was against a membership in the European Union, it falls short of defining how the future relations will be. Moreover, the United Kingdom is still a member of the European Union and it will continue to remain so until it triggers officially the Article 50 negotiation. Technically speaking, it is up to the UK lawmakers to what kind of membership it wants to maintain with the Union and it’s up to them when to trigger the Article 50.

Since the referendum, almost 3.5 million Britons have signed a petition calling for a second referendum. Former Prime Minister Tony Blair hasn’t ruled out the possibility of a second referendum. However, when more than 10 million people voted in favor of staying inside the European Union, 3.5 million is a relatively small number, especially when compared to more than a million more voted against the membership. Though some are hoping for a second referendum, it will be constitutionally very difficult to deny the fact that majority wanted out.

European governments have so far denied any further negotiations using the referendum number over the concessions, which may open up the path to a second referendum but at this point, nothing can be ruled out.

We expect, there will numerous political drama and possibilities before the leaders of the UK triggers the exit. Some clarity may appear over the EU leaders’ summit scheduled for Tuesday.