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Pound plunges on vote to leave EU

Britons voted to leave the European Union by 52% to 48% in a national referendum.

 

Britons voted to leave the EU by 52% to 48% in a historic referendum.

The pound plummeted 10 percent, the lowest since 1985 while oil fell to 47 percent a barrel. Stock markets from Tokyo to London collapsed on Friday following the vote.

The euro dropped to 1.10 against the dollar as compared to 1.13 on Thursday.

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The Leave camp gathered 1,269,501 more votes than those who favoured to remain in the EU.

In addition, the pound exchange rate is fluctuating around $1.36 amid decision to leave the EU, market data indicate.

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