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David Cameron resigns as UK Prime Minister, as pound crashes following referendum result

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David Cameron has resigned as Prime Minister following Britain’s vote to leave the EU.
He announced his resignation in an emotional speech outside 10 Downing Street that had his voice breaking.

According to him, the cabinet would meet on Monday to draw up a time-table for his exit as leader of the world fifth largest economy.

Following his resignation, a new prime minister will be elected in October.

The referendum on whether to leave or remain in the European Union had Over 72.2 percent voters’ turnout, with 51.7 percent of the voters (51.7 percent) picking the leave option.

England reportedly voted for Brexit, while Scotland and Northern Ireland stayed with the Remain camp.

The consequences of the result have already started showing, as the sterling crashed to 9 per cent against the dollar, its lowest value since 1985, and there are more fears of more negative outcomes in the days that follow.

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