Tears, fears and a resignation as Britain exits EU

Supporters of the 'Stronger In' Campaign react as results of the EU referendum are announced at a results party at the Royal Festival Hall in London on June 23, 2016.
Bookmakers dramatically reversed the odds on Britain leaving the European Union on Friday as early results from a historic referendum pointed to strong support for a Brexit. / AFP PHOTO / POOL / ROB STOTHARD

As over 52 per cent of Britons voted on Thursday to leave the European Union on Thursday.

British Prime Minister David Cameron, who had campaigned against the Brexit, announced his resignation on Friday following the ‘Leave’ vote even as he promised to try to “steady the ship” before he formally steps down in October.

Following the vote, the Pound sterling crashed to a 31-year low as the KSE-100 index fell 2 per cent on the back of volatility in international currency markets.

The UK now has two years to negotiate terms of exit from the bloc.

Source: http://www.dawn.com/news/1266959/tears-fears-and-a-resignation-as-britain-exits-eu

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