Great Britain has become Little England. Results of the Brexit referendum came in on Friday morning, confirming that the United Kingdom had voted to leave the European Union, a momentous decision that will have ripple effects for decades to come. But it taken take long for one constituency to air its opinion about the verdict: the currency and stock markets spoke right away.
Wow. The £ is down 8.4%. Currencies are not supposed to do that. (1% move is considered massive.) pic.twitter.com/FI15htQ3WN
— Matt Phillips (@MatthewPhillips) June 24, 2016
#Brexit contagion as summarized by @markets. https://t.co/i7oe4g0gT4 pic.twitter.com/GYaXFNbmRM
— Steve Herman (@W7VOA) June 24, 2016
This is, of course, just the beginning. The Indian markets also opened lower, with the Sensex dropping 900 points at the start of trade. The government put out statements quickly, insisting that India was prepared, with Finance Minister Arun Jaitley saying the "aim will be to smooth this volatility and minimise its impact on the economy in the short term".
My Statement on the United Kingdom Referendum https://t.co/iRLVpMKRGO
— Arun Jaitley (@arunjaitley) June 24, 2016
However, South Asians on Twitter offered slightly more trenchant analyses, from whether India had anything to do with this to what lessons the subcontinent can take from what its former colonial overlords have just experienced.
So almost every country Modi visited is falling apart...
— Granit Chacko (@sidin) June 24, 2016
Pound crashing, political unrest, potential recession.
— FreelancePhilosopher (@upintheair2016) June 24, 2016
Bollywood: yaar, will we still be able to do rain dance in London or no? #brexit
Will Arvind Kejriwal take advantage of this and call for a referendum on Delhi's exit from the Union? Just wondering
— Sriram Ramakrishnan (@sriram334) June 24, 2016
Pakistan's contribution to Brexit vote #thisclip #Brexit #EUref #Leave pic.twitter.com/dZyx8NMjIE
— Faseeh Mangi (@FaseehMangi) June 24, 2016
Question - U,K?
— Abhilash Thapliyal (@abhilashthapli) June 24, 2016
Answer - No. 😂#Brexit
Over in America, which will be facing its own dangerous election later in the year, the mood was equally dark. Many saw the British vote – which few were expecting to actually result in a Leave verdict – as a harbinger of scary times to come, seeing as very few expected the maverick Republican Donald Trump to be transformed into a serious presidential candidate.
Don't be anxious about Brexit.
— Geeky Steven (@geekysteven) June 24, 2016
We had states leave the United States once and all that happened was a war that poisoned our society forever.
"the uk couldn't POSSIBLY leave"
— monica heisey (@monicaheisey) June 24, 2016
"trump couldn't POSSIBLY be president"
"we couldn't POSSIBLY start eating each other out of necessity"
For those of you in the UK just waking up, here's a kitten pic. You're gonna need it today. pic.twitter.com/gvEYlP89Q0
— John Scalzi (@scalzi) June 24, 2016
This is what happens when you build a wall.
— Maya Baratz Jordan (@mbaratz) June 24, 2016
As the UK woke up to its shock result, Britons took to Twitter to deal with this very British problem – and write obituaries for the country that once had an empire where the sun n ever set.
The United Kingdom, 1707-2016.
— Patrick French (@PatrickFrench) June 24, 2016
this episode of black mirror is terrible
— Anthony V. (@fascinated) June 24, 2016
We're going to need a bigger kettle...
— VeryBritishProblems (@SoVeryBritish) June 24, 2016
Will Obama arm the moderate British?
— Arash Karami (@thekarami) June 24, 2016
Chin up, Britain. After the Tang dynasty fell it only took us 1100 years to regain global influence. You’ll be back in the saddle by 3116CE.
— The Relevant Organs (@relevantorgans) June 24, 2016