With 70 percent of votes being counted, Britain is set to leave the European Union.

Leave took the lead shortly after counting began, with Remain struggling to catch up. Percentages stayed within a slim margin, however, with Leave currently having 51.7 percent of the vote. UK Investor predicts the result to be 48 percent – 52 percent in Leave’s favour.

Markets have already started moving downwards, with the pound hitting its lowest level against the dollar since 1985. Asian markets have been hit heavily, with the Hang Seng down 4.78 percent and the Nikkei 225 down 6.68 percent. (0459GMT).

Scotland voted most decisively in favour of Remain, triggering concerns of another referendum on Scottish Independence in the near future. Both Wales and England leant towards Out, swinging the vote in the Leave campaign’s favour.

Turnout was strong throughout the country, hitting 72 percent; higher than that achieved in the last General Election.

Results are still being counted and are not yet final.