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Britain votes to exit EU in historic referendum

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United Kingdom voters have polled to exit from the European Union in a historic referendum.


Results of the Exit:

Resignation of Prime Minister David Cameron and put the EU into unexplored territory with far-reaching suggestions

Market value of the British Pound has been lowered

Detailed results after the United Kingdom’s historic referendum to quit the European Union:

  • UK Prime Minister David Cameron announced the resignation as he is actively campaigned for the membership in EU
  • According to S&P Dow Jones Indices, Global markets lost $2.08 trillion
  • President Obama sought to encourage British citizens that the U.S. would not abandon the nations’ strong and historic partnership
  • Moody’s Investors Service downgraded the U.K.’s sovereign debt rating from stable to negative.
  • More than 400,000 Britain people have signed a petition to exit from the EU

Brexit: David Cameron to quit after UK votes to leave European Union

The Prime Minister had advised the country to vote remain but was defeated by 52% to 48% despite London, Scotland and Northern Ireland backing staying in.

BREXIT – Abbreviation of “British exit” refers to the possibility of Britain’s withdrawal from the European Union

Prime Minister Cameron announced the resignation and he had informed the same to Queen to remain in place for the short term and then he will hand over the charge to the new prime minister

He stated that new Prime Minister to carry out discussions with the EU and invoke Article 50 of the Lisbon Party