Bitcoin Forum

UPDATE: 9:40 p.m.

Britain entered uncharted waters Friday after the country voted to leave the European Union, according to a projection by all main U.K. broadcasters. The decision shatters the stability of the project in continental unity forged after World War II in hopes of making future conflicts impossible.

The decision raises the likelihood of years of negotiations over trade, business and political links with what will become a 27-nation bloc. In essence the vote marks the start — rather than the end — of a process that could take decades to unwind.

The "leave" side was ahead by 51.7 per cent to 48.3 per cent with more than three-quarters of votes tally, making a "remain" win a statistical near-impossibility.

The pound suffered one of its biggest one-day falls in history, plummeting more than 10 per cent in six hours, from about $1.50 to below $1.35, on concern that severing ties with the single market will hurt the U.K. economy and undermine London's position as a global financial centre.

But if it shocked the markets, the result delighted "leave" campaigners.

"The dawn is breaking on an independent United Kingdom," U.K. Independence Party leader Nigel Farage said to loud cheers at a "leave" campaign party.

"Let June 23 go down in our history as our independence day!"

As results poured in, a picture emerged of a sharply divided nation: Strong pro-EU votes in the economic and cultural powerhouse of London and semi-autonomous Scotland were countered by sweeping anti-Establishment sentiment for an exit across the rest of England, from southern seaside towns to rust-belt former industrial powerhouses in the north.

"A lot of people's grievances are coming out and we have got to start listening to them," said deputy Labour Party leader John McDonnell.

With the result in favour of an EU exit, or Brexit, the U.K. becomes the first major country to decide to leave the bloc, which evolved in the ashes of the war as European leaders sought to build links and avert future hostility. Authorities ranging from the International Monetary Fund to the U.S. Federal Reserve and Bank of England warned a British exit will reverberate through a world economy that is only slowly recovering from the global economic crisis.

Sadly, this could be the beginning of the breakup of Great Britain. The Scotland vote was solid in favor of remaining in the E.U. and the results in Northern Ireland were mixed. It is likely that Scotland will vote again on its independence and the yes vote will probably prevail this time. As an anglophile, it will be dispiriting to see Great Britain become the incredible shrinking country...

Well at least it shouldn't have any effect on the EUR currency  :)

It will dont worry.  But will take lots time.

Most will suffer London, then UK then EU.

London will for sure, no mater which path UK will take or like Switzerland or like Norway or like, ... , lost economy center of Europe. Most likely Frankfurt will take it over.