Brexit is upon us. It is just now a matter of hours before the Article 50 is triggered.

As of latest, with 78 percent of the votes counted “Remain” camp has secured 48.3 percent of all votes, while the “Leave” camp has secured 51.7 percent of the votes. The 3.4 percent lead is just too large to be covered by the remaining votes that are yet to be counted. In terms of votes “Leave” camp has secured 855,723 more votes than the “Remain” camp, a lead that increasingly looking very difficult to cover. It is now expected that “Remain” camp will be losing by at least a million vote.

The pound has dropped to record low against the dollar at 1.329, bounced back marginally to trade currently 1.346.

Global equity markets are suffering one of their worst days. United States’ benchmark stock index S&P 500 is down more than 4.6 percent, while Japanese Nikkei is down more than 7 percent. It will be blood bath day when Europe opens a few hours later. The dollar index is currently trading at 96.06, up around 2.5 percent for the day.