Holy crap, this is significant. What happens to the monarch?
In comparison, would this be the equivalent of the US state of Texas seceding from the union?
The 28 EU countries are:
Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UK.
Pound plunges to 30-year low against dollar, yen surges as leave takes lead in Brexit poll count
The global financial markets swung wildly as the EU referendum votes were tallied and released.
After the polls closed at 10 p.m. BST, or 5 p.m. ET, results started to trickle in reflecting a lead for the 'remain' vote. That is, British voters had voted to remain a member of the European Union. This has been the base-case scenario for most experts.
World markets rallied with US stock market futures gaining and the British pound (GBP) surging to a six-month high against the US dollar (USD).
Then the rally collapsed after the vote count from Sunderland was released. According to the count, just 51,930 voted to 'remain' and a whopping 82,000 voted to 'leave.' The vote to leave, or execute a "Brexit," was expected from this district by forecasters. But the margin was so stunningly wide that it raised doubts about the likelihood of the 'remain' vote winning.
In the hours that followed, more and more votes were tallied and more and more of those votes confirmed that the 'leave' camp had much more support than forecasters and pollsters projected.
And before you knew it, the British pound had tanked to a six-month low. It went from a high of $1.5018 all the way to $1.3777 within a few hours