The British pound plunged to over a 30-year low against the dollar on Friday and the safe-haven yen soared as 'Brexit' results started to emerge and showed a clear victory for the 'leave' camp.
It was confirmed on Friday morning that Britain had voted to leave the trade block, after the leave camp secured 51.9 percent of the vote with 17.4 million votes.
As results from the 382 voting seats came in overnight, currencies swung aggressively, with the pound finally capitulating to a session low of $1.3218, after both the BBC and ITV projected the seats' totals would land in favor of leaving the EU, and senior leave campaigners called a victory.
Sterling hit its lowest levels since at least 1985, and came just hours after the pound tapped a year-to-date high of 1.5018, in what may be the currency's most volatile session since at least 1986. GBP/USD is now trading above 1.38, still more than 5 percent lower on the session.
USD/JPY alos bounced back to 103 ny the time of writing after falling as low as 99.08, its lowest since 2013. The pair traded at 106.81 earlier, hours before the results emerged, when the remain camp had appeared to be headed for a win.
The pound's suffered heavily against the yen. The U.K. currency dropped to 133.18 yen around off from levels around 160 yen early in the session.
EUR/USD plummeted as low as 1.0909, its lowest since May, with the common currency off a session high of 1.1432. It now trades at 1.1150.
