No, the markets are not taking Brexit in their stride. Far from it
Christian Odendahl, the chief economist of the Centre for European Reform, argues that various factors - like low price elasticity and 21st century supply chain dynamics - subdue the benefits of a falling pound. He believes that any rebalancing of the economy will likely be the result of falling incomes and dampened consumption. This is like Long John Silver rebalancing his gait by cutting off his other leg.