For months the question everyone in the both political and financial world was asking is that whether the United Kingdom will vote to stay inside the European Union or not. After last Thursday’s referendum voting, we know the answer that the people voted by 51.9 percent in favor of leaving the Union. Instead of resolving the uncertainty, that answer has opened up lots of the other grave concerns arising from unanswered uncertainties.

Let’s take a look at those questions, which will be vital in clearing the air of uncertainties:

• When the UK finally triggers Article 50, will that trigger independence votes in both Ireland and Scotland? Both of these regions voted in favor of staying in the Union. For Ireland, it is very difficult to have one trade laws governing south and the other governing the north. For Scotland, they want to remain inside the Union but will the EU be welcoming Scotland with open arms. How the people of Britain will consider such a move?
   
• The British referendum on the membership of the EU has opened up the Pandora’s Box not only for the United Kingdom but for the European Union too. Who’s to follow Britain at least with a referendum? Netherland very much likely. Even France. But answer to these question not likely to get answered unless the right-wing politicians win in 2017 elections.  

Both Euro and Pound may recover from their recent slump but unless these questions are answered they will remain chronically risky. Euro is currently trading at 1.105 against the dollar and pound is trading at 1.332 against the green buck.