The British pound plummeted to a 31-year low.

Copycat polls possible in Netherlands Italy and France Five immediate outcomes of Brexit
news Friday, June 24, 2016 - 12:09

1)      The British pound plummeted to a 31-year low. Tumbling more than 10%, the pound fell to $1.33 at one stage, reported BBC. The nosedive is one of the biggest one-day falls in history.

2)      Global markets are in chaos, reported CNBC. Japan’s Nikkei 225 was plummeted by 8% , and Dow future down by 650 points. In India, the BSE Sensex tanked by over 1050 points, while the valuation of all listed companies lost almost Rs 4 lakh crore, reported The Hindu.

3)      British Prime Minister David Cameron future is in doubt following the Brexit vote. Cameron is under pressure to resign, having backed the “Remain” vote, reported Independent. While more than 80 Conservative MPs have urged him to stay on regardless of the vote, opposition leaders said it would be hard with “his reputation on the line”.

4)      While voters in England voted to “Leave”, Scotland and Northern Ireland voted “in”. Scotland could likely call for another independence vote, reported Telegraph. First Minister Nicola Sturgeon said “Scotland sees its future as part of the EU”. Northern Ireland could also call for a breakaway from the UK.  

5)      Majority of voters in the Netherlands want a referendum on the EU, reported Telegraph. EU leaders fear a string of copycat polls on account of Brexit. Right-wing parties in Italy and France have also declared that they would demand a referendum.  

 

 

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