Tears, fears and a resignation as Britain exits EU

Published June 24, 2016
A neon sign for the 2016 referendum is attached to the doors of the announcement hall in Manchester Town Hall. ─ AFP
A neon sign for the 2016 referendum is attached to the doors of the announcement hall in Manchester Town Hall. ─ AFP

Over 52 per cent of Britons voted on June 23 to leave the European Union.

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.

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