United kingdom leaves the European union

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Almost 46.5 million people were registered to vote in Thursday's referendum.

Leave.EU and UKIP leader Nigel Farage, who had earlier appeared to concede that the "Remain" vote had "edged it," told his supporters that the result heralded a "new dawn" for an independent UK.


He also called on Prime Minister David Cameron to resign as a result of the referendum.
"The dawn is coming up on an independent United Kingdom, something that you did your absolute best -- you used all of your powers -- to prevent," he said.
"You did it using every organ of state available to you. You've lost the trust of the British people. Go, go now."

The tiny British overseas territory of Gibraltar has the biggest margin of victory for Remain. About 96% of ballots there were for remain.

Prior to the final results, historian Simon Schama said"I think Leave is going to win this and I think Britain is going to leave the European Union, which obviously I think is a catastrophe.

"We're on a kind of very dangerous knife edge about the integrity and coherence of Europe... we're entering a very dark and exceptionally dangerous period in European and actually world history, too."

In one of the most divisive campaigns in recent memory, polls had consistently shown voters split down the middle, with the outcome too close to call, and wavering voters likely to determine the result.

The UK has been a member of the European Union -- and its precursors -- since 1973.

The results have prompted mixed reaction from European politicians.

Germany's foreign minister tweeted: "The early morning news from #GreatBritain are truly sobering. It looks like a sad day for #Europe+the #UnitedKingdom."

The far-right Dutch politician Geert Wilders congratulated the UK on its decision, and called for a Dutch referendum on EU membership.

"We want be in charge of our own country, our own money, our own borders, and our own immigration policy," he was quoted as saying in a statement on his website.

"If I become prime minister, there will be a referendum in the Netherlands on leaving the European Union as well. Let the Dutch people decide."

Northern Irish party Sinn Fein, which has long advocated for independence from the UK, said that the vote "forfeited any mandate to represent the interests of people here in the north of Ireland," chairman Declan Kearney said in a statement.

Markets start freaking out


The pound has dipped precipitously in forex markets as results from more and more election authorities came in, slowly solidifying the "Leave" camp's hold on the referendum.

The pound has dropped below 1.35 against the dollar, the lowest since 1985, according to Kit Juckes, a 
strategist at Societe Generale.

Before the polls closed, markets had been expecting the UK would stay in the EU. But that expectation changed rapidly as results started coming in.


The pound is dropping sharply against all major currencies, and is currently trading at 1.38 against the dollar. 

Oil is down 4%.

Gold -- one asset investors turn to in the times of uncertainty --- is up 2%.

The shockwaves are being felt around the world.

Japanese Finance Minister Taro Aso told reporters Japan is keeping a close eye on financial markets following the UK's EU referendum and is ready to take measures if necessary, if markets continue to fall.
Mark Littlewood,Director General of the Institute of Economic Affairs, said the UK will have a difficult time moving forward.
"Tomorrow we'll wake up to a totally divided nation," he said.

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