Britain have voted to leave the EU.
In a saga that has lasted for a while, the exit of the United Kingdom has caused panic throughout the region with investors scrambling to sell off the pound, oil and stocks.
They become the first nation to leave the EU in its 60 Year existence.
Their exit has raised fears that other countries could follow suit and also leave striking a blow to the power of the bloc.
The votes were divide 52% to leave and 48% to stay.
It is believed that the ongoing migrant crisis is a huge reason for Britain’s exit from the EU as now Britain has autonomy in its immigration process as every non Briton will have to go through the normal application for entry into the country.
The pound Sterling plunged more than nine percent to $1.33, a 31-year low. World oil prices skidded by more than six percent. Tokyo stocks plummeted by more than eight percent and Japan’s Finance Minister Taro Aso called an emergency news briefing.
On the other hand, top anti-EU campaigner Nigel Farage, leader of the UK Independence Party was pleased with the decision saying, “Let June 23 go down in our history as our independence day,”