Britain votes to leave the European Union

24 June 2016 will go down as a golden date in the history of United Kingdom! In a historic vote, following a period of negotiations and critical campaigning from both sides, the United Kingdom has finally voted to leave the European Union. The leave campaign has won, as reported by Guardian, BBC and others, when the polling results showed a 52-percent-to-48-percent margin. Britain votes to leave the European Union While the move has been seen to be quite appreciated by the jubilant Leave supporters, the major question which now looms the political galleries is not only how the UK will extricate itself from a 28-member bloc but also the considerable effects on its relationship with the member nations. Many political forecasters are now questioning even the future of the British Prime Minister David Cameron’s government. Polls were tight ahead of Thursday’s referendum, but as the votes rolled in, the “leave” side performed better than expected in places it was supposed to win and triumphed in locations it was not. The “remain” side, despite the establishment’s optimism, could never catch up. Impact on Pound The GBP has witnessed a steep decline owing to the Brexit and the speculations related to it. As per the reported figures, the pound slid to 31- year low against the dollar and stock futures are also forecasted to be lower. Ireland And Scotland: Not happy with the results A victory for Brexit might be a celebration in parts of UK, but it will raise the question on the future of Scotland and Ireland, which mainly voted for remain. The Scots, who narrowly voted in 2014 to remain in the U.K., have broadly voted to remain in the EU. Northern Ireland, where the 1998 Good Friday Agreement ended the Troubles, voted to remain in the EU, but the vote there reflected the historic divisions between Catholics and Protestants.

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