UK Votes to Leave the European Union
Referendum Results
The result of the referendum was forecast by the BBC just before 0440 BST around 6 hours 40 minutes after polls closed with around 308 results. On the day of the referendum, sterling hit a 2016 high of 15018 for 1 and the FTSE 100 also climbed to a 2016 high as a new poll suggested a win for the leave campaign.
Regional Results
Leave won the majority of votes in England and Wales, while Remain won in Scotland and Northern Ireland. The results of the referendum were not counted by parliamentary constituencies except in Northern Ireland.
Implications
The vote to leave the EU has sent shockwaves through the UK and Europe. The full implications of the decision are still uncertain, but it is clear that the UK will face significant challenges in the years to come.
The UK government has already begun the process of negotiating the UK's exit from the EU. These negotiations will be complex and difficult, and it is likely that the UK will have to make significant concessions in order to reach an agreement.
The decision to leave the EU is also likely to have a significant impact on the UK economy. Businesses are already expressing concerns about the uncertainty surrounding the UK's future trading relationship with the EU. The value of the pound has also fallen sharply since the referendum, which is likely to make imports more expensive and lead to higher inflation.
The UK's decision to leave the EU is a momentous event that will have far-reaching consequences. The full implications of the decision are still uncertain, but it is clear that the UK will face significant challenges in the years to come.
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