Friday, 24 June 2016

Britain votes to leave the EU

With 16,737,273 votes for Leave, Britain has voted to leave the EU. 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%.

Prime Minister David Cameron, who called the referendum and led the 'remain' campaign, faces an uncertain future with this result.

Former London Mayor Boris Johnson. If 'leave' wins, he may have no choice but to resign.

'If the prime minister loses this I don't see how he can survive as prime minister,' said Scottish National Party lawmaker Alex Salmond.

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