The Brits told the European Union to bugger off.
In a hard-fought referendum seething with wide-reaching economic and
political effects, British voters decided Thursday they want out of the
28-country bloc.
The stunning move, which prompted the resignation of Prime Minister
David Cameron Friday morning, came after early surveys and experts
suggested voters would narrowly reject the so-called “Brexit” movement.
“The dawn is breaking on an independent United Kingdom,” said U.K.
Independence Party leader Nigel Farage. “Let June 23 go down in our
history as our independence day!”
After last results came in, "Leave was ahead of Remain by 51.9% to 48.1%.
However, as results trickled in it became clear that "Leave" would win
and the U.K. would do something that no other EU country has ever done.
The British pound plummeted to a 31-year low as razor-close results
trickled in and the currency went through several violent swings during
the night before reaching as low as $1.38 as uncertainty kept world
currency markets on edge.
After the result became known, the pound plunged further, at one point
losing more than 10% of its value against the dollar and reaching $1.33.
Stock markets tumbled in Asia and Australia as they reacted to British
voters' decision, with Japan's Nikkei 225 down more than 7% as of early
Friday as the yen surged.
European financial centers also saw losses as trading opened on Friday,
with London's FTSE quickly dipping more than 7% before a slight rebound
and Frankfurt's DAX down around 7%.
The Bank of England said in a statement Friday morning that it was
monitoring the situation and will take "all necessary steps to meet its
responsibilities for monetary and financial stability."
Read more......resignation of Prime Minister David Cameron Friday morning
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