Britain voted to leave the European Union on Thursday, after a day of voting which saw both sides of the referendum appear to have the upper hand. The race was in a virtual tie for the entire day before the Brexit camp took the lead and closed the deal.
The final tally of votes was 52% for and 48% against, with just over a million more in favour of leaving after 72% of Britons turned up to vote on the referendum. Scotland and Northern Ireland both voted to remain within the Union, but Wales and England together tipped the scales back in favour of a Brexit.
Polling data has indicated that the political left, university educated and the younger generation (39 years old and younger) are far more likely to wish to remain within the European Union, whereas the political right and those over the age of 40 are more likely to vote in favour of a Brexit.
Before the day’s voting actually began it appeared as though the British people may actually vote in favour of remaining and as a result the Pound saw an increase to roughly $1.50 USD. But as the votes began to pour in and it became clear that they were choosing to leave the Pound saw its worst fall since 1985 after reaching a low of $1.33 USD, a drop of 9%.