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EU Referendum: The Result and Market Response

Following one of the most historic campaigns in British history, the citizens of the UK have elected to leave the European Union.

Following one of the most historic campaigns in British history, the citizens of the UK have elected to leave the European Union.

As the results of the EU referendum unfolded in the early hours of today, a total of 17,410,742 votes were counted in favour of the Leave campaign – denoting a victory for Brexit with 51.9% of the total number of votes.


Supported by the majority of the British public, the UK will now end its membership to the European Union.


Conversely, supporters of the Remain campaign totalled 16,141,241 votes, thus constituting 48.1% of the total number of voters.


Although the majority of England and Wales supported the decision to leave the EU, the results underlined regional differences in attitudes across the UK.


Scotland, Northern Ireland and London emerged as the prime movers of support for the Remain campaign.


On the other hand, the UK's regions such as the North West & North East, the South East & South West, and the West & East Midlands showed prevalence for the Leave campaign.


As the world digests the results of the UK’s EU referendum, turmoil and heavy currency fluctuations have already clouded global financial markets.


The value of the sterling now plummeted to a 31-year low – a fall of 10% against the dollar and now sits at $1.33 with stock prices also set to dive once markets open.


With the sterling falling in value, the housing market is set to provide opportunities for those looking to capitalise on these market fluctuations.

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