By David Robinson and Jamie Satchithanantham
LONDON (MNI) - The 'Leave' camp has become the hot favourite to win the
UK's referendum on membership of the European Union, with sterling plunging and
further sterling asset market carnage anticipated later Friday.
With over half of results declared 'Leave' was in the lead, sterling was
down 10% from its day's high against the dollar and the indications of FTSE
futures down some 5% - 7% below their intraday highs. The final polls pointed to
a 'Remain' victory, but as the results materialized they showed 'Leave'
outperforming expectations across the English and Welsh heartlands.
Pundits and analysts were predicting a win for 'Leave' with around a half
of the results in.