Brexit Aftershocks Rattle Markets as Cameron Quits
- Pound plunges 8 percent, biggest decline ever, as gold surges
- Bank of England says it will take ‘all necessary steps’
David Cameron: Britain Needs Fresh Leadership
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Britain’s stunning vote to leave the European Union spread turmoil across the world’s financial markets and dismay through Europe’s capitals, where EU leaders gave an early warning that the looming divorce talks may prove bitter.
The pound plunged to the lowest since 1985, global stocks tumbled and bonds and gold rallied after U.K. voters backed Brexit by 52 percent to 48. Prime Minister David Cameron resigned after the defeat of his Remain campaign, saying he will serve a few more months before making way for a successor who’ll negotiate the details of departure.