On Friday the UK has surprised markets by voting to leave the European Union (by 52% to 48%). Of the 12 regions of the UK – Northern Ireland, Scotland and London voted to Remain while the other 9 regions voted to Leave. The GB£ fell to an intra-day low of 1.32 Friday morning (down ~10.9%) i.e. a break below technical support of 1.37 – 1.45 (see FIG 1 below). The next key support level is ~1.03 (i.e. the mid-1980s lows). Article 50 is the part of the Lisbon treaty, which, once evoked, sets in motion a two-year process in which a member state can notify the EU council of its decision to leave.