HOLY SHIT: Looks Like Brexit Is Actually Fuckin’ Happening

This post is about Brexit. If you’re seeing people going absolutely hogwild over Brexit but you don’t know what the hell it is, we have a handy explainer HERE.


Just this morning we banged out a yarn about the Aussie dollar – it was the highest it had been since May, mostly on the back of the market’s very confident prediction that the United Kingdom was going to elect to remain in the European Union.
Noooooope. A completely chaotic early arvo here has been punctuated by what many would consider the most authoritative intervention on the matter – a big ole tweet from the BBC:

Yep. The prevailing wisdom what that people, once they got to the ballot box, would be compelled to stick with the status quo and vote Remain. With around 70% of the votes counted, Leave is ahead by almost a million votes. Looks like one of the biggest shakeups in the international scene is coming to pass: the UK is probably gonna leave the European Union.
This is quite massive. What’s the initial fallout look like? There are already calls from people like UKIP leader Nigel Farage – a very, very committed opponent to the European Union – that Prime Minister David Cameron ought to resign immediately if it goes through.

The pound has taken quite a beating all day, and now that it’s looking bad for the Remain camp it’s only getting worse. It has tumbled to levels not seen since 1985.
Cameron, who supports the Remain campaign but made the referendum part of his election promise, has almost certainly scored one of the hugest own goals in recent history – both ripping the UK out of the EU and essentially dooming his political future.
It also looks like both Northern Ireland and Scotland are voting Remain – which means that if the UK does leave, it’ll be largely an English decision. Two things could come out of this. Firstly, it’s a big impetus for Scotland to try for independence again, which was shot down last year.
Secondly – and perhaps less likely, but who knows – the possibility of a united Ireland is being discussed once more. Sinn Fein, the pro-unification party in Ireland, is already talking about it.

Stay tuned, folks. This is gonna be a wild one.

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