Canadian Minister of Finance Bill Morneau said Ottawa intends to maintain close economic relations with London.
Prime Minister David Cameron has spoken with a number of EU leaders in the wake of the referendum as a show of good faith.
The UK referendum results are unlikely to entail "a parade of referendums" across EU nations, Russia's permanent Representative to the EU Vladimir Chizhov said Friday.
"As paradoxical as it may seem, I do not rule out that the UK's exit will not ruin the European Union and will lead to its strengthening within the structure composed of the remaining countries," he told reporters.
Half an hour after US markets closed, final numbers paint a grim picture in the wake of the UK's Brexit decision.
The DOW dropped by 611 points, at around 17,399.
The NASDAQ fell 202 points, at around 4,707.
S&P dropped 76 points, settling at 2,037.
"The Brexit vote is the beginning of the end of the European Union," Gerald Celente told Sputnik. "By all quantitative measures, since the [financial] panic of 2008, the strategies and actions taken by Brussels to restore economic growth have failed...as has their inability to control the migrant and refugee crisis."
He also predicts that the referendum could lead to the end of several major European financial institutions.
"It is also signalling the beginning of the end of the European Central Bank system and subsequently will expose the fundamentally flawed and rigged nature of the global central banks," he said.
"On the grander geopolitical scale, as nations seeks independence from central government control, economic and political chaos will accelerate between the status quo and the agents of change."
After a volatile day, the US markets have closed.
DOW is down by over 600 points, at around 17,406.
NASDAQ is down over 200 points, at around 4,707.
S&P is down roughly 75 points, at around 2,037.
Final numbers are likely to fluctuate and should be known in roughly half an hour.
With US markets closing shortly, the NASDAQ is down nearly 200 points, at around 4,716.
The UK Brexit wreaked havoc on markets around the world.
With half an hour to go before US markets close for the day, the DOW is down over 600 points, at around 17,382.
The UK Brexit wreaked havoc on markets around the world.
"We have every confidence that [the United Kingdom] will continue to be a key partner in the F-35 program, and we are not aware of any change in the relationship," US Defense Department spokesman Peter Cook told reporters.
"When the pound goes down, more people are coming to Turnberry, frankly," Trump said, referring to his golf course in Scotland.
"Secretary [of Defense] Carter emphasized that the United States and the United Kingdom will always enjoy a special relationship," US Department of Defense spokesperson Peter Cook said during a briefing on Friday, commenting on Carter's talks with his British counterpart Michael Fallon.
"That’s the key issue here: Is this the beginning of a trend, where nations start looking inward and move back toward protectionism, or is this just an isolated incident where there were unique set of factors in the United Kingdom that led to this point," US Congressman Carlos Curbelo told Sputnik.
US Secretary of State John Kerry spoke to UK Foreign Secretary Phillip Hammond on Brexit, US State Department spokesman John Kirby said Friday.
Asked how Brexit will affect the US-EU cooperation on issues like anti-Russian sanctions, US State Department spokesperson John Kirby said, “I can also tell you the Secretary [John Kerry] has no doubt that our cooperation with the EU on all these kinds of matters will remain strong.”
"I woke up devastated. I can't believe this is the outcome and this is how British people feel. It feels like I've woken up in the 1970s and we've gone back to a 'Little England' type of mentality. I'm really worried about what's going to happen," Tabatha, who is running a shop in Brixton, told Sputnik.
US President Barack Obama spoke with UK Prime Minister David Cameron and German Chancellor Angela Merkel about Britain's decision to leave the European Union.
"Based on our conversation, I’m confident that the UK is committed to an orderly transition out of the EU."
European Council President Donald Tusk will convene on Wednesday, June 29, a summit of European leaders to discuss the "political and practical implications of Brexit" in a first such meeting excluding the participation of the United Kingdom since it had joined the bloc.
The decision by the majority of voters in the United Kingdom to leave the European Union, or Brexit, will impact the US and European stance against Russia, US Congressman Seth Moulton told reporters on Friday.
According to Craig Murray, human rights activist, author and former British ambassador, the Scots should not be afraid "to think outside the UK prescribed box" as they have found themselves in an awkward situation: having voted for remaining in the European Union they now could be pulled out of it against their will.
The process of EU fragmentation has started with the United Kingdom being the first member state to leave the bloc, Turkish Deputy Prime Minister Nurettin Canikli said Friday, commenting on the results of the Brexit referendum.
"The result of this referendum opens the possibility that other countries may wish to renegotiate their status within the European Union, although I don't think that Spain is in that group," the coordinator of the Foreign Affairs Committee of Spain's Citizens party, Francisco Andres Perez, told Sputnik.
The probability of renegotiation depends on each EU country's relationship with the United Kingdom and the degree of association possible within a new status, he added, noting that a second Scottish independence referendum may also have an impact on European regions seeking to hold similar referendums.
"We are evaluating the impact of the United Kingdom's decision on TTIP and look forward to continuing our engagement with the European Union and our relations with the United Kingdom," US Trade Representative Michael Froman said in a statement.
The pound, the FTSE and the Prime Minister fall victim to the Britain referendum results.
"The UK's decision to leave the European Union will lead to a prolonged period of uncertainty that will weigh on the country's economic and financial performance and will be credit negative for the UK sovereign and other rated entities," Moody’s stated.
"Well I think the first thing to say is that the polls, well most polls, were for a very long time in this referendum pointing to a very narrow outcome and throughout the campaign there were, on occasion, polls that said that Leave were going to win as indeed were a couple of the polls that were conducted in the final days of the campaign," polling expert Professor John Curtice told Sputnik.
"So, while it’s fair to say that on balance the opinion polls pointed to a narrow Remain victory, it’s not true that all the polls were pointing towards a Remain victory and I think that anyone who was reading the polls sensible would have said that while maybe the Remain side were slightly the favourites – certainly nobody could rule out the possibility of the UK voting to leave which is of course exactly what happened," he added.
Ha! When you guys said we'd pretend that this place had become Planet of the Apes to fool Tim Peake, you really went for it! Guys? ...guys?!— Dara Ó Briain (@daraobriain) June 24, 2016
"The president said that all the procedures required to exit [the UK from the EU] should be made as soon as possible," Stephane Le Foll, the French government spokesman quoted President Francois Hollande, said following an emergency French Cabinet meeting addressing Thursday's referendum that saw 51.9 percent of Britons vote in favor of the so-called Brexit.
On Thursday, the United Kingdom held a referendum to determine whether or not the country should leave the European Union. According to the final results, 51.9 percent of voters, or 17.4 million people, decided to support Brexit, while about 16.1 million opposed it.
"Our economists and financial sectors pay attention to the Brexit. It needs a lot of study and also cooperation globally to deal with the potential impact," Zhou said in Washington, DC.
"The problem with politics is that it has become so complicated that people cannot understand how political decisions are made. Especially at a European level where you have to combine the sensitivities of 27 different countries; in this group are workers, business owners; political decisions are very complicated and people don’t understand how these decisions are made. So they start avoiding politics and start believing in simple solutions that the populists give to them that the EU is responsible for everything. So I wouldn’t narrow it to anti-EU sentiment but an anti-politics sentiment that is not only in Europe but in the United States also. We see what success Donald Trump has had with the middle classes," Greek Journalist Paschos Mandravelis told Sputnik.
he United Kingdom’s decision to part ways with the European Union will not impact Russia’s economic forecasts or privatization plans, Russian Economic Development Minister Alexei Ulyukaev said Friday.
"I do not see how it can affect [ministry forecasts]," Ulyukaev told reporters when asked to comment on the influence the Brexit referendum could have on the ministry’s macroeconomic forecasts, including on oil prices and capital outflows.
European Commission head Jean-Claude Juncker on Friday told the EU's British employees that their jobs were safe for now even after the historic decision by UK voters to exit the bloc, AFP reports.
"I know that many of you are concerned about your future after this vote," Juncker said in a letter to Commission staff seen by AFP.
"You left your national 'hats' at the door when you joined this institution and that door is not closing on you now," he added.
"It’s not just Britain, this is going to reverberate across the whole of Europe, other member states are going to demand referendums, demand freedom and democracy. I think we are seeing the end, the death rows of the EU as we knew it and what I hope will emerge is essentially a European Free Trade area where you have independent, democratic, nation states operating and trading together," Roger Helmer from UK Independence Party told Sputnik.
"We should treat the ‘Brexit’ as an opportunity to forge a closer partnership with our historic friend and ally, including immediately starting negotiations for a targeted US-UK free trade agreement," Cruz stated.
Sherri is from Canada and has lived in London for five years:
"I’m absolutely gutted. The sun may be shining but I’m not feeling this vitamin D. I’m on the verge of tears, emotions are high for everyone. At least my country has a good government. This is horrible – I’m gutted."
Amanda Owens, is a leading sports psychologist:
"It’s a bit of a shock – great for change – but I think there are long term and short term implications. I’m deeply shocked David Cameron has resigned. I think he’s been a great Prime Minister – very progressive, implementing lots of change. I think it’s a huge shame for this country that he’s stepped down and that we’ll have a new Prime Minister in October. I think change is good; however it’s unstable, economically and financially unstable globally. I think it is positive – but it’s been a shock."
Amswering the question was the British decision to leave the EU British Labour Party politician Nigel Griffiths told Sputnik:
"I don’t think so because all the work I was doing in Labour constituencies showed that the groundswell of opinion was very much for Leave in England – not quite the same in Scotland – but still very strong Labour views that the future did not lie with our ties to Brussels."
Speaking about David Cameron resignation by October Griffiths said:
"I thought his position was untenable if he lost. The truth is that he got 100% of what he negotiated with Brussels, which was nothing. That was very much seen through. He put at the centre of his demands – immigration. He was the one who raised the issue and fanned the flames of immigration by putting it at the centre of his demands."
"I think, it has become clear that we need to hold together and work side by side for Europe to become stronger..... Britain has experienced a shake-up, which hit the whole Europe," Kurz told reporters.
Mexico’s government will cut budgetary spending by 31.7 billion pesos (some $1.69 billion) amid the shock experienced by the local and world economy by British voters' decision to leave the European Union, Secretary of Finance and Public Credit Luis Videgaray Caso said Friday.
"Mexico will react in the same manner as it did before by enhancing its macroeconomic basis, and carrying out responsible fiscal policy," he told reporters.
It seems Brexit is not major topic for all British citizens today. Social network users are actually celebrating National Cream Tea day.
Europe cannot function as before and has to rebuild after the United Kingdom voted to leave the European Union, former French President Nicolas Sarkozy said Friday.
"The European Union can no longer function as before. Its deep restructuring is urgent and had to be considered long ago. In this regard, I call on the EU heads of state and governments to decide to devise a new basic treaty, which will demonstrate our people that Europe is ready to take their destiny into their own hands," Sarkozy said in an address.
"It’s a euphoric day, there’s no doubt about that, it’s a day that will be etched into history as defining the role that Britain takes with the rest of the world, not only over the next few years but also over the next decade and potentially the next century. It is definitely an historic day. What will happen over the next 15, 20, 30 years is entirely dependent on the negotiations that Britain does with the EU and how the trade agreements go. I think at the moment it is a sense of unease, it’s a sense of nervousness but at the same time there are a lot of people with a sense of joy as you can see, 50-odd per cent of people voted to leave the EU. The people have spoken and we do have a democracy in this country," Shehab Khan, a political journalist based in London, told Sputnik.
“The vote shows the deep crisis of the EU. EU-politics during the last years have been reduced to turning the EU into a neoliberal, militarised and undemocratic venture – a policy for which Germany bears an essential responsibility,” Wolfgang Gehrcke, the deputy chairman of Die Linke faction in the Bundestag told Sputnik Friday.
“On one hand the referendum in Great Britain is an answer to this policy. On the other hand it is a break which offers a historical chance: to give the people in Europe back their voice,” Gehrcke added.
The United Kingdom's exit from the European Union will have consequences for both Europe and Russia, Russian President Vladimir Putin said Friday.
"[Brexit] will eventually have consequences for the United Kingdom, for Europe in general, and for us," Putin said in closing remarks at the Shanghai Cooperation Organization (SCO) summit in Uzbekistan.
"The UK and the EU are important strategic partners for Canada with whom we enjoy deep historical ties and common values," Trudeau stated. "We will continue to build relations with both parties as they forge a new relationship."
G7 finance chiefs said in a statement they were monitoring market developments while recognising that excess volatility and disorderly moves in exchange rates can harm economic and financial stability.
"We [...] respect the intention expressed today by the people of the United Kingdom to exit from the European Union," G7 finance leaders said after a conference call held hours after the British referendum.
The International Monetary Fund (IMF) urges the government of the United Kingdom and the European Union representatives to make sure the transition to new economic relations in the region is smooth, IMF Managing Director Christine Lagarde said in a statement on Friday.
Commenting on the Berxit referendum results Tom Van Grieken, the NSV party's leader, told Sputnik:
"It’s fantastic news ! Finally, the people of Britain had their voice heard […] they want they country back."
"And other countries will follow […] yes there will be a domino effect I think, the first country we should keep an eye on is I think the Netherlands. There was a referendum a few months ago and the No vote won there. So I think if there is a following exit, I’ll put my money on NExit," he added.
Poland plans reform proposals in the European Union after the United Kingdom’s vote to leave the 28-member bloc exposed divisions within the European project, Polish Prime Minister Beata Szydlo said Friday.
"We need to build a strong community of sovereign nations. We cannot pretend that there are no crises in the EU, it led to Brexit, we cannot not reach conclusions out of this," Szydlo said as quoted by the Wirtualna Polska news outlet.
The United States’ special relationship with its "indispensable ally" the United Kingdom remains unaffected after Britons voted in the majority to leave the European Union, US House of Representatives Speaker Paul Ryan said Friday.
"I respect the decision made by the people of the United Kingdom. The UK is an indispensable ally of the United States, and that special relationship is unaffected by this vote," Ryan said in a statement.
Russia will not revise its forecast of an average 2016 oil price of $40 after the Brexit referendum, Deputy Prime Minister Arkady Dvorkovich said Friday.
Answering that question from a reporter at a packed news conference in the EU executive's Brussels headquarters, Juncker replied simply, "No," Reuters reports. That drew applause from EU officials in the room as Juncker left after taking just two questions.
Russia is not celebrating the Untied Kingdom's vote to leave the European Union as Moscow is interested in a strong Europe, the head of the Russian Foreign Ministry's European Cooperation Department said Friday.
Russian President Vladimir Putin will not meet German Vice-Chancellor Sigmar Gabriel next week because of the cabinet official’s canceled trip to Moscow after the United Kingdom voted to leave the European Union, Kremlin spokesman Dmitry Peskov said Friday.
Moscow will analyze the results of the Brexit referendum and make decisions in the interests of the Russian economy, Russian Prime Minister Dmitry Medvedev said Friday.
The United Nations expects to continue closely cooperating with the European Union and the United Kingdom on a number of issues, including migration following the UK decision to leave the bloc, UN Secretary-General Ban Ki-moon said in a statement Friday.
US presidential nominee presumptive Donald Trump said Friday he believed that the European Union would break up amid the United Kingdom voting to leave the bloc.
"Well, it looks like it’s on its way," Trump told a press conference in Scotland when asked whether he would support the European Union breaking up.
Emma, 35- South Kensington:
"I find it [the Leave’s triumph] suicidal. Our public services - NHS, transport - rely a lot on people coming from EU, who usually work much harder than Brits. We, London just can’t make it without those people...I’m so angry."
Roger, 45, East London:
"Politicians have long been out of touch with people: we can't take more immigrants, we can't just accept the strain on our services, and we can't allow some guys [in Brussels] to decide how we run our country. For me, it was a no-brainer to vote out."
Greek Prime Minister Alexis Tsipras said on Friday Britain's decision to leave the European Union was symptomatic of a deeper malaise in Europe which needed to be urgently addressed.
"The extreme choices of austerity that widened the inequality between countries of the north and south, fences and closed borders and the denial to share the burden of the debt and migrant crises had signaled an extended crisis in Europe," Tsipras said in televised comments to state TV.
"We said clearly we do not want to leave the EU. I will do all it takes to ensure these aspirations are realised... An independence referendum is highly likely," Sturgeon said, as quoted by the BBC.
Brexit is a blow to Europe and European unity process, Merkel told journalists.
Scotland's First Minister Nicola Sturgeon said Friday that the results of Brexit referendum in Scotland show the desire of the Scots to be part of the European Union.
"While the overall result remains to be declared, the vote here makes clear that the people of Scotland see their future as part of the European Union," Sturgeon said, as quoted by The Telegraph.
"The British vote poses a grave test for Europe, which must show solidity and strength in its response to the economic and financial risks," Hollande said.
EU chiefs told Britain to start negotiations to quit the bloc "as soon as possible", after outgoing British PM David Cameron said Friday he would leave the negotiations to his successor.
"We now expect the United Kingdom government to give effect to this decision of the British people as soon as possible, however painful that process may be," said a joint statement after Britons voted for a "Brexit".
"We cannot turn backs on Europe. We are part of Europe," Johnson said, adding that the United Kingdom would continue to be a great European power.
"There is simply no need in the 21st century to be part of a federal system of government based in Brussels that is imitated nowhere else on Earth," Johnson added.
"In voting to leave the EU it is vital to stress that there is now no need for haste and indeed as the Prime Minister has just said, nothing will change over the short term," he told reporters on Friday after Britons voted to leave the EU
France regrets the UK decision to leave the European Union and urges to preserve the European Union, while respecting the United Kingdom’s choice, French Foreign Minister Jean Marc Ayrault said Friday.
Spain's acting Foreign Minister Jose Manuel Garcia-Margallo said Friday Spain was closer to bringing Gibraltar under its control after Britain voted to leave the European Union.
"Our formula... is British-Spanish co-sovereignty for a determined period of time, which after that time has elapsed, will head towards the restitution of Gibraltar to Spanish sovereignty," Spain's acting Foreign Minister Jose Manuel Garcia-Margallo told Spanish radio.
"The Spanish flag is much closer to the Rock," he added.
The outcome of the Brexit referendum showed that EU leaders need to abandon punitive policies in favor of democratic dialogue, Greek Foreign Minister Nikos Kotzias said Friday.
"The British referendum results confirmed our insistence on the need for a mandatory democratic discussion of the future of the European Union, with the aim of increasing its social functioning and democratizing its structures so that they work to serve the people of Europe and appear attractive for the union's member states," the minister said in a statement.
"The European leaders' priority should be to abandon the punitive logic and the policy of ranger graves in order to cultivate a culture of democratic dialogue and consensus," the statement reads.
"Following the outcome of the UK referendum, the European Central Bank (ECB) is closely monitoring financial markets and is in close contact with other central banks. The ECB has prepared for this contingency in close contact with the banks that it supervises and considers that the euro area banking system is resilient in terms of capital and liquidity," the ECB press release read.
Germany's vice chancellor Sigmar Gabriel says the Brexit vote is a "chance for a new beginning" but that Europe must not return to business as usual.
"The exit of the United Kingdom is a shrill wakeup call for European politics. Whoever doesn't listen or takes refuge in the usual rituals drives Europe into a wall," he told the Bild newspaper in an inetrview.
"We don't need 'more Europe," but a 'different Europe,'" he added.
Former mayor of London Boris Johnson bypassed journalists outside his home in London, Friday, following the Electoral Commission's official announcement that the UK voted to leave the European Union
The exit of the United Kingdom from the European Union means Sweden is about to lose one of its key partners in the bloc, Swedish Prime Minister Stefan Lofven said Friday.
"The people of the UK had a great deal to gain by remaining in the EU. Sweden is losing an important partner in the EU," Lofven said in a statement published by the Swedish government.
UK Independence Party (UKIP) leader Nigel Farage said Friday he could not guarantee the country's National Health Service would receive the additional funds previously promised by the Vote Leave campaigners despite their victory in the EU referendum in Britain.
"I can't and I would never have made that claim — it was one of the mistakes that the Leave campaign made," Farage, who did not participate in the Vote Leave campaign, said in an interview with ITV's Good Morning Britain.
"I think it's a great thing. I think it's a fantastic thing," he told reporters.
"This is an internal issue for the British people," Lavrov told reporters, asked to comment on the Brexit referendum.
"The British people have decided to leave the European Union. As it defines the next chapter in its relationship with the EU, I know that the United Kingdom's position in NATO will remain unchanged," Stoltenberg said in a statement.
"The UK will remain a strong and committed NATO ally and will continue to play its leading role in our alliance," he added.
The decision of UK citizens to leave the European Union will not have a significant impact on Russia, Former Russian Finance Minister Alexei Kudrin said Friday.
European Council President Donald Tusk said the bloc is prepared for the withdrawal of the United Kingdom.
Marine Le Pen, the leader of France’s National Front party, reiterated her demands Friday to hold a referendum on the country’s EU membership after UK nationals voted to leave the bloc.
British Prime Minister David Cameron announced on Friday that he would step down by October after the UK voted for the country's exit from the EU.
The UK voted for the country's exit from the EU with 51.9 percent supporting the move, the Electoral Commission said Friday. According to Jenny Watson, the chief counting officer for the EU referendum, 17.4 million UK nationals voted for Brexit against 16.1 million in favor of staying in the European Union, while the turnout was 72.2 percent.
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