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Britain to leave EU

Friday, June 24, 2016 - 01:02

Britons have voted to leave the European Union, a decision that leaves the world's fifth-biggest economy facing deep uncertainty. Rough cut (no reporter narration).

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NATURAL ROUGH CUT - NO REPORTER NARRATION 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 biggest one-day fall in history, plunging more than 10 percent against the dollar to hit levels last seen in 1985. The vote will initiate at least two years of messy divorce proceedings with the EU and cast doubt on London's future as a global financial capital. The future of Prime Minister David Cameron - who gambled the fate of the nation on an outcome he predicted would be catastrophic - was doubtful at best.

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Britain to leave EU

Friday, June 24, 2016 - 01:02