Victory for Brexit emboldens the nationalist forces in the other countries - BBH

Research Team at BBH, suggests that the victory for Brexit emboldens the nationalist forces in the other countries. 

Key Quotes

“For example, in France and Italy, nationalist parties are calling for their own referendum.  Scotland is in the difficult position. Although it is fiercely pro-Europe, the turn-over was lighter than expected, and there will be pressure to have another referendum to leave the UK.  Previously, the EU particularly encouraging the Scottish independence in part to prevent precedent for other. 

There seems to be a meme in the markets that among the nationalist forces that Brexit will encourage is Trump's candidacy for the US presidency.   We are skeptical, but we'll watch the upcoming polls, and the events market, which has seen new money favoring a Trump victory.”