A closer look at the "Brexit"

The total numbers of cast votes were 33,577,342 of which the total remain was 16,141,241 (48.1%) and exit 17,410,742 (51.9%). The unexpected results sent the Pound tumbling to its lowest since 1985 and with that David Cameron had enough and announced his resignation at 10:23 am (local time). The ripple effects have been felt across money markets across Europe, America Asia.

Cameron who had earlier in the year survived pressure to resign when he was associated with the Panama Papers expose had made a passionate plea to voters to saying such a move would be "irreversible" and that “If you jump out of the airplane, you cannot clamber back through the cockpit hatch,”

Jeremy Corbyn has already been urged to step down as Labor Party leader by 55 Labor MPs. He has indicated that he will not consider resigning and it will be interesting to see how long he can hold on. His lukewarm support for the Remain campaign is partly responsible for the campaign failure, according to analysts.

Nigel Farage earlier termed the decision as UK's "Independence Day", an obvious allusion to the blockbuster movie that is coincidentally set to be released today globally, has taken early possession of the victory - he also made a startling confession during the melee saying "it was a mistake for Vote Leave to say the UK would be able to spend £350m on the NHS after a Brexit.".

Boris Johnson, the man who sensationally claimed US President Obama's own backing for the UK's continued stay as part of the EU as driven by Obama's "ancestral dislike" for Britain as a result of his "part-Kenyan" heritage, is the man widely expected to take over Conservative Party leadership after Cameron's exit. 

President of the European Parliament, Martin Schulz reacting to the events said he would speak with German Chancellor Angela Merkel on how they can avoid a chain reaction of other EU states following. 

A closer look at the voting patterns shows Scotland voted overwhelmingly to remain in EU (62%) as did Northern Ireland (55.7%) and England's 53.2% mainly from London while the north and midlands region was mainly for an exit. A common thread picked up from the fear factor of the vote patterns has a lot to do with immigrants specifically those from Non-EU states, the refugees and the threat of terror attacks. 

The incident in Germany's Viernheim cinema complex in western Germany must have precipitated the overwhelming turnout as well as vote to leave. A talking point on EU's importance to the UK brought to fore the simmering feeling that UK was being treated as a junior partner within EU ranks but how could they expect more when they have always had one foot outside the door? They declined to adopt the Maastricht Treaty of 1992 on a single currency and also kept off the Schengen Agreement enabling passport-free movement across most of the bloc.

It is difficult to ignore the resurgent right wing predilection both in the US as well as across most of Europe now confirmed by the UK voters.

Part of expected fallout of this outcome is the UK economy, which will be put under great duress occasioned by an uncertainty that will affect foreign direct investment in the UK will undergo a lull while investors assess the signs of the future.

A recession is likely and the value of the pound will dip but the duration will depend on policy measures taken by Mark Carney of the Bank of England who held his press conference on the heels of David Cameron’s to affirm their preparedness, as well as the government.

Nicola Sturgeon, Scotland's First Minister makes an early call for a Scottish referendum to exit UK following the significant statement made by the Scottish overwhelming support for the European Union. In Northern Ireland, Gerry Adams of Sinn Fein is already calling for an exit from the UK and instead unites with the Republic of Ireland.

Donald Trump flew to Scotland, ironically, and expressed his support for the referendum outcome. It has featured in his Republican primaries campaign; he obviously went against the Democrat's position expressed by President Obama. 

The fallout from a single referendum vote has never had more cross-cutting ramifications in modern history.