LONDON: According to a BBC report, the Britain has voted in favor of leaving the European Union on Thursday’s referendum. The report from BBC comes after considering voter tallies. If the same happens, Britain would be seen on an uncertain path, while the European Union will continue to struggle in maintaining greater unity among the members.
The anticipation seems to have shown its impact on the World financial markets as well. Sterling Pound, suffered the biggest one-day fall of 9.4 percent against the US dollar. On the other hand, the Euro has slumped nearly four percent against the dollar on fears that a positive vote to leave EU may harm the commercial and political interests of the Union.
The international concerns over the financial impacts of the referendum had officially started, with Japan’s currency diplomat Masatsugu Asakawa saying that he would consider discussing with his Finance Minister Taro Aso on how to respond to the market moves, terming the current foreign exchange moves as ‘very rough’.
However, Britain’s leaders look unfazed about the growing financial crisis in the EU. Nigel Farage, leader of the eurosceptic UK Independence Party said, “Let this date June 23 go in our history as our independence day. We have made the impossible a possible. It is a win for an ordinary man. EU is a doomed project, we are happy that we are out of it”.
Mr Nigel also demanded that Prime Minister David Cameroon should ‘immediately step down’ after the result of the referendum is announced.
PM David Cameroon had initially urged the citizens to not to vote for leaving the European Union, informing that it would result in unexpected losses. He said that going out of the EU will damage the economic condition of Britain, which would result in prices of essential commodities going up.
The result will be officially announced by the Prime Minister David Cameroon in the British parliament, in a couple of days.