Pound, Asia markets collapse as Britain quits EU
The pound collapsed to a 31-year low and there was pandemonium on currency, equity and oil markets today as Britain voted to leave the European Union, fuelling a wave of global uncertainty.
Sterling crashed 10 percent to $1.3229 at one point, its weakest level since 1985, while the greenback itself slumped below 100 yen for the first time in two-and-a-half years as traders fled to safety.
In the weeks leading up to yesterday's historic vote, there had been widespread warnings that a "Brexit" would cause a rout across global markets that would wipe trillions off valuations, just months after a painful China-fuelled sell-off.
The doomsday scenario appeared to be playing out as markets suffered one of their worst days since the 2008 financial crisis after final results confir...