BREAKING NEWS

BBC projection: Britain to vote to leave EU in historic divorce

By REUTERS

JUNE 24, 2016 06:53

LONDON - Britain has voted to leave the European Union, the BBC said based on voter tallies from Thursday's referendum, an outcome that would set the country on an uncertain path and deal the largest setback to European efforts to forge greater unity since World War Two.

World financial markets dived as counting from 304 of 382 areas showed a 51.5/48.5 split for leaving. Sterling suffered its biggest one-day fall of 9.4 percent against the dollar on market fears the decision will hit investment in the world's 5th largest economy, raise questions over London's role as a global financial capital, and usher in months of political limbo.

The euro slumped nearly four percent against the dollar on concerns a 'Brexit' vote would do wider economic and political damage to what would become a 27-member union. Investors poured into safe haven assets including gold, and the yen surged.

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