While the country has voted to leave the EU in an historic decision, the capital itself was firmly in favour of remain.

Across all 33 boroughs in the capital, 59.9% (2.26million) voted in favour of remaining in the EU in a high turnout of 69.8% despite the weather.

Live: Britain votes to leave the EU

However, unusually for the capital, its voice became irrelevant as the country narrowly pushed the UK into the unknown, voting 51.9% against 48.1% in favour of Brexit.

Most boroughs overall voted in favour although Barking and Dagenham, a stronghold of Ukip, Bexley, Sutton, Havering and Hillingdon vote to leave. Hackney, Tower Hamlets, Newham and Greenwich voted to remain.

Financial institutions in Canary Wharf had a busy night. Early votes and polls suggested Remain would be victorious but as a clearer picture emerged, the value of the pound fell, at one stage, to its lowest point since 1985. The FTSE was down 500 points on opening.

There are fears the move will hit the property market with banks and housebuilders down, Barclays down 35%.

Oil prices have also fallen sharply in the wake of the referendum outcome, with Brent crude down 5.2%. The Bank of England said it was “monitoring developments closely” and Labour leader Jeremy Corbyn said it was the Chancellor’s first priority to stabilise the economy.

Chief executive of London Chamber of Commerce and Industry Colin Stanbridge said: “As Ministers now contemplate the UK’s future outside the EU, London’s leaders need to be involved in that planning – to help harness the resources necessary to sustain long-term economic growth.

“Government must look to maintain the capital’s position as world-leading place to do business. That means having the pull factors that will attract global companies to invest and locate in London whether that is around business environment, strategic infrastructure or skilled staff. We need to turn the result of the referendum into a time of opportunity for Britain.”