'Brexit': 'Leave' camp widens lead with 50% of votes counted

# 24 June 2016 05:25 (UTC +04:00)

Baku-APA. The "leave" camp widened its lead Thursday with 50% of votes counted in theUnited Kingdom's historic referendum on itsEuropean Union membership, APA reports quoting BBC.

Results from the British referendum — also known as "Brexit" — are still too incomplete to draw any solid conclusions. There were 143 districts still to declare with "leave" holding 51.1% of the votes counted and "remain" at 48.9%.

As returns rolled in, the British pound gyrated with mixed signals on whether the "remain" forces were winning on the question of the U.K. staying in the EU.

The British currency initially soared to a 2016 peak of $1.50 amid signs that "remain" was winning the day, but fell 4 cents in 5 minutes when returns from Newcastle showed the "remain" forces posting a smaller margin, 50.7% to 49.3%, than expected.

Asian stock markets proved volatile as well, with Tokyo stocks and U.S. futures plunging as early vote results showed a tight race.

"Marginal win for Remain in Newcastle giving pound bulls the willies," Jeremy Cook of World First currency exchange tells the BBC. "Newcastle should be a solid Remain victory."