British people have decided: Britain is outside the European Union. The Electoral Commission of Great Britain has confirmed the victory of “Leave“. According to BBC, the Leave obtained 51.9% of votes, while “Remain” was voted by 48.1%. Put otherwise, 17,410,742 people voted in favor of the Brexit and 16,141,241 voted to stay in the EU. The turnout was 72.2%.
“A new prime minister will be elected in October.” With these words, Prime Minister Cameron has announced his resignation, during his first statement after the Brexit in life streaming. He also stressed that it will be up to the new prime minister to “carry on negotiations with the EU.” In addition, Cameron has pointed out that there will be no immediate changes neither for the EU citizens who live in Britain nor for the British citizens living in other EU countries.
“I will do everything I can as Prime Minister to steady the ship over the coming weeks and months, but I do not think it would be right for me to try to be the captain that steers our country to its next destination – Cameron said. This is not a decision I’ve taken lightly but I do believe it’s in the national interest to have a period of stability and then the new leadership required.”
After David Cameron announced his resignation live, in front of 10 Downing Street, people began to “bet” on who is going to be the new head of Britain. According to British bookmakers, the favorite should be the former mayor of London and the main promoter of “Leave”, Boris Johnson.
“This victory means a new independence day for our country. It is the dawn of an independent UK, “said the Eurosceptic UKIP leader, Nigel Farage, who also stressed that this is “a victory for ordinary people, against the big banks, big business, and big politics.” According to Farage, the European Union is dying and other countries may follow the example given by Great Britain.
Meanwhile, the negative effects of Brexit had an impact on the stock markets around the world. The pound plummeted, dropping by over 10%, that is, to 1.33 dollars, the worst result since 1985. The Bank of England announced to be ready to “take all the necessary measures to ensure financial stability and monetary union”.
After the closure of the Asian markets with the sinking pound, comes an opening that has been defined as tragic by the exchange markets throughout Europe: -7.93% in Frankfurt, -12% in Madrid, -9.90% in Paris, and -6.70% in London. Milan Stock Exchange opens with a downward trend too, where more than half of the titles, including banks, cannot make money and many of those that have just entered have been put on the volatility index. If all the bonds were active, the theoretical loss would be estimated between 13 and 14%.