(Bloomberg) -- The aftershocks from Britain’spolitical earthquake buffeted markets and policy makers, creatingpolitical upheaval in London, dismay in European capitals and panicon trading floors around the world.
The pound plunged to the lowest since 1985, global stocks tumbled and bonds andgold rallied after U.K. voters decided in a referendum to leave theEuropean Union. Prime Minister David Cameron resigned, saying he’dserve another three months, after a 52 percent majority rejectedhis pro-EU campaign.
“The British people have made a very clear decision to take adifferent path, and as such, I think the country requires freshleadership,” Cameron told reporters outside his Downing Streetresidence, choking back tears. A jubilant Nigel Farage, leader ofthe U.K. Independence Party, said “the euroskeptic genie is out ofthe bottle and it will now not be put back.”
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