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UK votes to leave EU, in Summary

by Alex
June 24, 2016
in Uncategorized
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The U.K. has voted by a substantial margin to leave the European Union in a landmark referendum.

The out campaign secured the victory, with the Leave side winning 52% of the vote, against 48% to remain.

Scotland and London voted overwhelmingly for remain, but Wales and the U.K. outside London voted for Brexit.

The referendum turnout was 72%, with more than 30 million people voting.

British Prime Minister David Cameron was expected to make a statement calling for stability and unity following the shock result.

UKIP leader Nigel Farage said the Leave campaign had won a victory for “real people”, and said 23 June should go down as “Independence Day”.

The pound fell to its lowest level against the dollar since 1985, with GBP/USD hitting lows of 1.3231 as initial results pointed to a win for the out campaign, before pulling back to 1.3489.

By 08.30 Kenya Time, The British Pound had already fallen by 9.22%(13.055) against the Kenyan Shilling.

Source: Kenyan wallstreet

Tags: BritaindollarFeaturedNigel FarageshillingSterling poundUK

STATE OF ECONOMY - GET THE REPORT

ASSESSING EAST AFRICA

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Alex

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