Britain has voted to leave the EU, breaking the winning post in the referendum.
Leave won 52% to 48%, with England and Wales voting for Leave while Scotland and Northern Ireland voted for ‘Stay’.
This exit has plunged the pound against the dollar to its lowest level since 1985 as Britain lurched towards Brexit. Sterling has crashed nearly 10% to $1.34, and by more than 6% against the euro. Gold is up nearly by 6% this morning.
US markets were expected to open down 550 points on Friday morning. Trading in Tokyo was halted after stocks plunged nearly 7 per cent, while South Korea’s Kospi tumbled about 4 per cent.
Crude oil prices also took a hit. As results poured in, a picture emerged of a sharply divided nation: Strong pro-EU votes in the economic and cultural powerhouse of London and semi-autonomous Scotland were countered by sweeping anti-Establishment sentiment for an exit across the rest of England, from southern seaside towns to rust-belt former industrial powerhouses in the north.
Nigel Farage, leader of the UK Independence Party, has declared June 23 Britain’s ‘Independence Day’.