Britain has voted to leave the European Union, results from Thursday's landmark referendum showed, a stunning repudiation of the nation's elites that deals the biggest blow to the European project of greater unity since World War Two.
The results also show how unreliable the endless polling predictions have become, not to mention the hysterical predictions of. the banking and big business corporations responses to how people might actually vote
World financial markets plunged as nearly complete results showed a 51.8/48.2 percent split for leaving. The vote instantly creates the biggest global financial shock since the 2008 economic crisis, this time with interest rates around the world already at or near zero, stripping policymakers of the means to fight it.
The pound suffered its biggest one-day fall in history, plunging more than 10 percent against the dollar to hit levels last seen in 1985.
The vote will initiate at least two years of messy divorce proceedings with the EU and cast doubt on London's future as a global financial capital. The future of Prime Minister David Cameron -- who gambled the fate of the nation on an outcome he predicted would be catastrophic -- was doubtful at best.
An aide working in Cameron's office told reporters: "We're in uncharted territory ... Everyone's just really tired. They haven't slept."
The euro slumped more than 3 percent against the dollar on concerns a and exit vote will do wider economic and political damage to the world's biggest trade bloc, stripped of its second largest economy.
The results also show how unreliable the endless polling predictions have become, not to mention the hysterical predictions of. the banking and big business corporations responses to how people might actually vote
World financial markets plunged as nearly complete results showed a 51.8/48.2 percent split for leaving. The vote instantly creates the biggest global financial shock since the 2008 economic crisis, this time with interest rates around the world already at or near zero, stripping policymakers of the means to fight it.
The pound suffered its biggest one-day fall in history, plunging more than 10 percent against the dollar to hit levels last seen in 1985.
The vote will initiate at least two years of messy divorce proceedings with the EU and cast doubt on London's future as a global financial capital. The future of Prime Minister David Cameron -- who gambled the fate of the nation on an outcome he predicted would be catastrophic -- was doubtful at best.
An aide working in Cameron's office told reporters: "We're in uncharted territory ... Everyone's just really tired. They haven't slept."
The euro slumped more than 3 percent against the dollar on concerns a and exit vote will do wider economic and political damage to the world's biggest trade bloc, stripped of its second largest economy.
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