Brexit is official! With 16,737,273 votes for Leave, Britain has voted to leave the EU, breakingÂ 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 â€˜Stayâ€™.
This exit has plunged theÂ 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 Koreaâ€™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 Britainâ€™s â€˜Independence Dayâ€™.
One expert forecast the UK, will plunge back into recession.
Kathleen Brooks, of City Index, predicted shares in big banks would tumble at least 10% when markets open. She said:
â€œThis is bad news for the country, the economy and the UKâ€™s position in the world order. â€œIn other words, for now at least we should batten down the hatches.â€
Meanwhile, in Europe, far-right leader Geert Wilders has
reportedly called for a Dutch EU Referendum â€œas
soon as possible.â€
The Party said: â€œThe United Kingdom is leading the way to the future and liberation. The time is now for a new start, trusting in its own strength and sovereignty. Also in the Netherlandsâ€
Prime Minister David Cameron, who called the referendum and led the â€˜remainâ€™ campaign, faces an uncertain future with this result.
Former London Mayor Boris Johnson. If â€˜leaveâ€™ wins, he may have no choice but to resign.
â€˜If the prime minister loses this I donâ€™t see how he can survive as prime minister,â€™ said Scottish National Party lawmaker Alex Salmond.
Source: Daily Mail/UK Mirror/Sky News