Pound tumbles after early results in EU referendum
After making earlier gains, the pound fell to $1.4319 as the first results of the UK's EU referendum were announced.
The pound tumbled following a narrower than expected Remain vote in Newcastle and a strong Leave vote in Sunderland, the BBC reports. In Sunderland, 61.3 percent of voters chose to leave the EU, with 38.6 percent voting to remain. One Sunderland voter, a 36-year-old taxi driver, told The Wall Street Journal he wants the UK to leave the EU and use the money it gives to the union on the national health system. "They should be spending more on our own country than giving it to other countries," he said.
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Catherine Garcia is night editor for TheWeek.com. Her writing and reporting has appeared in Entertainment Weekly and EW.com, The New York Times, The Book of Jezebel, and other publications. A Southern California native, Catherine is a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
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