UK stocks tumble in latest sell-off
Stock markets are on track to tumble after a Brexit vote in Britain, with the index down more than 1 percent in early trading.
The pound fell as much as 1.3 percent, while the euro rose to a six-month high against the dollar.
The vote in the U.K. on June 23 left the country with a new parliament and set up a potential snap election.
A poll of more than 2,000 people by Ipsos MORI shows voters rejected the referendum results by 52 percent to 48 percent.
The outcome will determine how Britain leaves the European Union, a move that has been criticized by the European Commission.
A vote to leave the EU is expected on June 29.
A Brexit vote would also have a major impact on the U tol markets, with U.S. and European stock indexes down sharply.
The Dow Jones Industrial Average fell 6.1 percent in morning trading.
S&P 500 index futures were down 1.9 percent, the S&p 500 index was down 2.2 percent and the Nasdaq Composite index was off 1.8 percent.
British Prime Minister Theresa May said the vote to stay in the European union would be followed by a vote on whether to leave or stay.
May said Brexit would be the “greatest political decision in our history.”
On Wednesday, the International Monetary Fund’s chief economist, Christine Lagarde, said the decision to leave would have a significant impact on global financial markets, as well as the economy.
May’s government has been pushing to negotiate a deal with Brussels, which has refused to accept any deal that would lead to Britain leaving the EU.