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| David Cameron |
The British Prime Minister David Cameron has been force to resign
after Britain vote to leave the European Union.
Global financial markets plunged as results from Thursday's
referendum showed a near 52-48 percent split for leaving.
The pound fell more than 10 percent against the dollar to
levels last seen in 1985, its biggest one-day
fall in history, and European
shares plummeted more than 8 percent, headed for their biggest ever one-day
fall.
Billions of dollars were wiped off European banks' market
value, with Britain's Royal Bank of Scotland, Barclays and Lloyds Banking Group
the biggest fallers.
Cameron, who lost his gamble betting the nation's future on
an outcome he predicted would be catastrophic, said he would resign as prime
minister by October.
"I do not think it would be right for me to be the
captain that steers our country to its next destination," he said in a
televised address outside his Downing Street office.
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