The Latest on Britain’s historic vote to leave the European Union

Durham, ON, Canada / channel12

Britain has entered uncharted waters after the country voted to leave the European Union, according to a projection by all main U.K. broadcasters. The decision shatters the stability of the continental unity forged after World War II in hopes of making future conflicts impossible.
The decision raises the likelihood of years of negotiations over trade, business and political links with what will become a 27-nation bloc. In essence the vote marks the start _ rather than the end _ of a process that could take decades to unwind.
The “leave” side was ahead by 51.7 per cent to 48.3 per cent Friday morning with more than three-quarters of votes tallied, making a “remain” win a statistical near-impossibility.
The pound suffered one of its biggest one-day falls in history, plummeting more than 10 per cent in six hours, from about $1.50 to below $1.35, on concern that severing ties with the single market will hurt the U.K. economy and undermine London’s position as a global financial centre.
(The Associated Press)

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