Econintersect: The first results are in and the vote for the UK to leave the EU is ahead. Districts where Labour is strong are coming in decisively for "leave" while early Conservative districts are very nearly even. For the vote totals as of 9:50pm EDT, click through the Read more << jump.
The pound has now set a record intra-day swing of 6.72 per cent between its high and low points, while FTSE 100 futures have slumped 6 per cent. Sterling now down 5.5 per cent at $1.4099 after a recent low of $1.4040.
Just over a week ago, the pound approached $1.40 to the dollar and then surged, peaking at $1.5018 after early polls when voting closed. During the post Bretton Woods era of floating currencies, the pound has rarely spent time below $1.40 aside from the mid-1980's era of extreme US dollar strength.
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