• A series of tweets by the Economist Intelligence Unit outlines the negative possibilities for the British economy.

• In the markets, the pound was mostly flat in morning trading in London. British stocks, which had fallen sharply after the referendum result on Friday morning, closed above their pre-result levels on Wednesday. The same goes for share prices in Continental Europe.

Confused?

• Internet search patterns indicate many people are still looking up what “Brexit” is and what it means to leave the European Union. Plenty is still unknown, but we have an article that explains the basics.

Your ‘Brexit’ Reading List

• Tony Blair’s former chief of staff wrote in The Guardian that Britain’s withdrawal can still be reversed, but that it will take courage. An academic wrote on Medium that most English and Welsh lawmakers would have to go against the wishes of their constituents.

• Is the European Union “democratic”? Campaigners who sought to leave the bloc said it was not, but my colleague Amanda Taub argues it is — it just doesn’t feel that way. Philip Stephens, looking at another European country that had an exit-related portmanteau, worries in The Financial Times that Britain is behaving more like Greece.

• Could Britain’s influence in Hong Kong wane? The Guardian’s Beijing correspondent asks if Britain’s fledgling “golden relationship” with China could be in jeopardy. And in China, a censorship notice has told editors not to “hype the story, speculate or comment” on the exit.

Stay Tuned

There will be plenty more to come throughout the day.