UK votes to exit the EU; pound nose-dives

“Britons voted to leave the European Union, U.K. broadcasters forecast, a startling rebuke that threatens to spark political turmoil in the U.K., weaken a continent already strained by multiple crises and rattle global financial markets expecting the opposite result,” the Wall Street Journal reported.

“Prime Minister David Cameron gambled big and lost by offering the U.K. a referendum on its relationship with Europe, a move that instantly changes his legacy and could cost him his job.

“The events of the last few hours mark a dramatic reversal of fortunes for Mr. Cameron, who in the past two years successfully fended off a bid for Scottish independence and unexpectedly won a general election that gave his Conservative Party its first majority in 23 years.”

The rest of the article is here.

Author: jeffpelline

Jeff Pelline is a veteran editor and award-winning journalist - in print and online. He is publisher of Sierra FoodWineArt magazine and its website SierraCulture.com. Jeff covered business and technology for The San Francisco Chronicle for years, was a founding editor and Editor of CNET News, and was Editor of The Union, a 145-year-old newspaper in Grass Valley. Jeff has a bachelor's degree from UC Berkeley and a master's from Northwestern University. His hobbies include sailing and trout fishing.

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