United Kingdom Votes To Leave European Union

Voters in the United Kingdom have voted to leave the European Union after 43 years as part of the union. The ‘Brexit’ as the move has been called, has sent global markets crashing.

In what is being hailed as a historic and unexpected vote, the United Kingdom will now leave the European Union and become its own sovereign state once more.

Many economists had predicted that there would be a sharp decline in global markets as well as the British currency, should the UK vote to leave the EU. Their prophecies came true this morning, after it was announced the UK were going to leave.

The pound had dropped to it’s lowest level since 1985, which is a clear indication of how much the Brexit vote has affected not only Britain, but the rest of the world.

Further more, there was a sharp rise in gold prices after the announcement.

Another big change to the political landscape that the vote brought on, was the fact that British Prime Minister, David Cameron, has announced that he would resign from his post as Prime Minister of England.

In his speech after the announcement of the vote, Cameron – who was vehemently against leaving the EU – said that he is not the right person to ‘captain’ Britain in this new phase and that there would be an election for new Prime Minister in October.

“…I think it’s right that this new prime minister takes the decision about when to trigger Article 50,” he said.

He continued saying that he was fighting for the country to remain in the EU with everything he had and that he understands that the British people have spoken:

“…The British people have made a very clear decision to take a different path and as such, I think the country requires fresh leadership to take it in this direction,” he said.