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Britain votes to leave EU, unleashing global turmoil

Britain has voted to leave the European Union, a stunning repudiation of the nation's elites that deals the biggest blow to the European unity project

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Reuters  |  London 

Britain has voted to leave the European Union, results from Thursday's landmark referendum showed, a stunning repudiation of the nation's elites that deals the biggest blow to the European project of greater unity since World War Two. World financial markets plunged as nearly complete results showed a 51.8/48.2 percent split for leaving. The vote instantly creates the biggest global financial shock since the 2008 economic crisis, this time with interest rates around the world already at or near zero, stripping policymakers of the means to fight it. The pound suffered its ...

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First Published: Fri, June 24 2016. 11:13 IST