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Friday 24 June 2016

EU Referendum Results: Brexit Wins As Britain Votes To Leave European Union - The pound Slumps By More Than 11 Per cent

Britain has voted to leave the European Union, with the Leave campaign securing around 51.8 per cent of the vote.
David Cameron, who will address the nation shortly, is now facing calls to resign as Prime Minister.
While England voted overwhelmingly for Brexit, Scotland and Northern Ireland backed Remain. Statements are expected to be made by Sinn Fein and the SNP later today calling for a breakaway from the Union. London backed Remain but the turnout was lower than expected because of bad weather.

The pound crashed to the lowest level since 1985 as sterling fell below $1.35. Complacency about a Brexit outcome will come clear this morning, as out of hours trading suggests that the FTSE 100 will drop by 8.8pc, or by some 560 points. The fall would be the third worst in history if stocks ended the day down as sharply.
The direction of the battle started to become clear with a shock result in Sunderland which saw the Out camp win by 61 per cent to 39 per cent. Analysis before the referendum had suggested Leave could be on track to win if they were more than six percentage points ahead.
A surprise victory for Brexit in Swansea, where the pro-EU side had been expecting to romp home, signposted a disastrous showing for Remain across Wales. Areas like Carmarthenshire decisively turned their back on Brussels.
Newcastle was less clear cut for the pro-EU side than they had hoped, seeing them sneak home by just 51 per cent to 49 per cent. 
Remain had some bright spots, with chunky wins in London, Scotland and Oxford. Wandsworth in particular piled in with a massive 77 per cent in favour of staying.
However, the big English cities and Scotland were not enough to offset the will of the rest of the country, and Leave passed the finishing post at 6am.
Speaking at a jubilant Leave.EU rally in central London, Mr Farage said June 23 would go down in history as 'our independence day'.
In a remark that could prove controversial after Labour MP Jo Cox was shot dead last week, Mr Farage said the country was separating from the EU 'without a single bullet being fired' .
 'Dare to dream that the dawn is breaking on an independent United Kingdom,' he said.
'This, if the predictions now are right, this will be a victory for real people, a victory for ordinary people, a victory for decent people.
'We have fought against the multinationals, we have fought against the big merchant banks, we have fought against big politics, we have fought against lies, corruption and deceit.

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