Thanks for joining us for our live coverage of what has been a historic night - both for Wales and the UK as a whole.

You can keep up to date with the latest developments in Wales here as the fallout and analysis continues.

BBC Wales political editor Nick Servini.

Labour AM points to economic reasons for the Brexit vote.

Vote Leave Cymru leader David Jones says the suggestion Wales could have its own dealings with the EU after the UK exits is a "nonsensical proposition" and "can be dismissed." 

The Clwyd West MP said: "The Welsh people have made a very clear decision and it is a question of simple respect, that we accept it and move forward." 

While he said Prime Minister David Cameron called it wrong, he added: "He can't simply resign. 

"He needs to ensure there is a process of continuity as we withdraw."

Plaid Cymru AM looks forward to seeing some of the savings promised by the Leave camp.

The BBC's Welsh Affairs Editor Vaughan Roderick said the referendum campaign was the first in his long career he hadn't enjoyed: 

"It's been nasty, unpleasant, uncivilised, and lacking in substance at times. There are questions about our politics... 

"A lot of the vote last night happened because people had lost confidence in politics.  Well, this campaign didn't do anything to restore that confidence. 

"If the poorest in our communities - working class, Labour people - now find themselves worse off because of what has happened, the confidence remaining in our politics will disappear completely. 

"There are big questions about the behaviour of all our politicians during the campaign."

Reflecting on the result, Prof Richard Wyn Jones of Cardiff University said:

"The referendum is of global importance - bigger than anything I've commentated on before.

"A chapter has closed, but the uncertainty about what comes next is striking.

"Constitutionally, economically, sociologically, socially, what happens to the party system from now on, everything has been thrown up in the air."

The view from BBC Wales' political editor

Leave wins the referendum by 52% to 48% - a majority of 1,269,501

The result in Wales was slightly more in favour of Brexit than the UK as a whole - 52.5% to 47.5%.  

Welsh Tory leader who backed Brexit is not calling for the prime minister to go.

Carwyn Jones is yet to give his reaction to the news that the people of Wales - and the UK as a whole - have voted in favour of leaving the European Union. 

He is due to give a press conference in Cardiff, at 09:00 BST.

The Welsh Labour leader has been one of the main figures arguing in favour of remaining in the EU.

Welsh Labour In campaign manager Lord Hain tells BBC Radio Wales: "It is a tragic result for Wales which will have serious consequences for us.

"What Leave voters will find is that they will be pleased in the short term, but in the long term, the consequences are very serious. 

"Those that voted leave are the ones that benefit most from EU funding," he said, referring to areas such as the south Wales valleys.

Image source, Getty Images

Carmarthen West and South Pembrokeshire's Conservative AM Angela Burns apparently ponders the possibility of a second independence referendum for Scotland and Martin McGuinness of Sinn Fein's call for the entire island of Ireland to vote on reunification.

Welsh UKIP leader Nathan Gill said: "It is wonderful, we (all UK MEPs) will be given our P45s now.

"It is the 74 MEPs, not the British people, who are going to lose their jobs. 

"People have been telling us they are fed up of the EU, saying it wasn't democratic, saying 'we want our freedom back' and that is what they are going to get."

Image source, Getty Images

Welsh Liberal Democrat leader and Ceredigion MP Mark Williams says he is "deeply disappointed" by the result in favour of leaving the EU.

But, he added: "We must respect that democratic decision but make sure that in our negotiations the people of Wales do not lose out.

“It is absolutely vital now that the government sets out a plan of action so that we know the options available to us to help ensure our businesses, our jobs and our international relationships are not put at further risk in the aftermath of this decision."

UKIP Wales leader says the prime minister must go.

Cardiff Central's Labour MP reacts to the Brexit vote.