The global market for stock listings is expected to be a stop-start affair for the rest of 2016. But in the UK, it may well be a lot more stop before it gets back to start.

According to a report published by Ernst & Young on June 29, Britain's decision last week to quit the European Union - a choice that has already wiped trillions off the value of global equity markets - will likely cause weakness in equity markets and a significant depreciation of the pound, which could clip capital markets activity and sour sentiment.