UK Polls Close As Nigel Farage Says That "Remain Will Edge It"; Sterling Soars

Update: A continuation poll by Ipsos/Mori shows Remain at 54%, and Leave at 46%

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It is 10pm local time, which means the Brexit polls are officially closed.

According to Sky, the turnout is said to be 83.7%, and, in a surprising announcement, even before the YouGov poll was announced, Nigel Farage appears to have just admitted defeat.

As ITV reports:

"Nigel Farage has said it looks like Remain will win the EU referendum. The Ukip leader and key figure calling for Britain to leave the EU told Sky News that "it looks like Remain will edge it"."

More details from Reuters which reports that The survey by pollster YouGov showed Remain ahead by a margin of 52 to 48 percent. Unlike a classic exit poll, it was based on online responses by a pre-selected sample of people rather than a survey of voters as they left polling stations.

Nigel Farage, head of the UK Independence Party and a leading voice in favour of leaving the EU, told Sky News he did not expect to be on the winning side.

"Turnout looks to be exceptionally high and looks like Remain will edge it," he said according to the broadcaster.

Although, he appears to have promptly backtracked moments later:

SPOKESMAN FOR LEAVE.EU SAYS FARAGE JUST TOLD HIM HE DOES NOT HAVE ANY BETTER IDEA THAN ANYONE ELSE DOES ABOUT EU REFERENDUM RESULT #Brexit

However, the damage appears to have been already done

In other news, Boris Johnson tweeted that "democracy has been served"

YouGov added to the fire, when after surveying around 5,000 voters in an on-the-day (not exit) poll, it reported that Remain is set to win with a 4% lead, with 52% while Leave is at 48%.

  • YOUGOV U.K. POLL ON EU SHOWS 52% REMAIN, 48% LEAVE: SKY

Bookie odds on Leave are imploding:

  • WILLIAM HILL: U.K. VOTE ODDS 1/9 REMAIN, 5/1 LEAVE
  • LADBROKES: U.K. EU REFERENDUM ODDS AT 1/12 REMAIN; 7/1 LEAVE
  • IG CLIENTS SEE A 91.5% CHANCE UK WILL REMAIN IN EU

And sterling is soaring, rising just shy of 1.50 (1.4999 to be exact) moments ago:

 

Meanwhile, Sky reports that 84 Euroskeptic Tory MPs are calling for David Cameron to stay on, no matter the result. As FT adds, ove r80 Eurosceptic MPs have given their name to a letter published by the Telegraph, which says Mr Cameron has a “mandate and a duty” to continue as prime minister. The letter was published just after polls closed in the referendum, only the third UK-wide referendum in history.

It coincided with the publication of an on-the-day poll by YouGov which put Remain ahead on 52 per cent.

Futures are closed for the time being, although we expect an immediate spike higher in kneejerk sympathy once they reopen at 6pm.