It was too close to call for hours, but eventually, the polling stations returned their result and David Cameron, whose leadership is now shakier than ever, will have to start the procedure to invoke Article 50. While Boris Johnson and Nigel Farage, the most vocal supporters of the leave faction are celebrating by calling the 23 of June the “new Independence Day” and urging the Prime Minister’s resignation without further ado, dark clouds are hanging over Britain’s future.
The pound is plummeting.
Immediately after the results were made officially available, the pound started to plummet, as expected, reaching its lowest point in more than 30 years and dragging with it a number of other stock markets, European and not. No one knows if and when it will start gaining again, but it’s unlikely it will be in the short term.