UK's EU referendum
Sterling falls back sharply from early gains
10 MINUTES AGO
by: George Parker, Kate Allen and Michael Mackenzie
Britain’s future in the EU was on a knife edge on Friday morning after early results favoured the Leave campaign, triggering a big sterling sell off as markets confronted the possibility of a Brexit.
Opinion polls suggested Britain would vote to stay in the EU in its historic referendum and the pound recorded gains when Nigel Farage, the UK Independence party leader, conceded: “It looks like Remain will edge it.”
But Mr Farage quickly retracted his concession of defeat as the first results came in, suggesting that Leave had done far better than expected in a number of areas.
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