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UK Votes For Brexit, Causes Chaos In Markets

tdy_neely_britain_160624.nbcnews-ux-1080-600British citizens stunned officials by voting ‘yes’ to leave the European Union, causing chaos in the stock markets worldwide.

The vote for Brexit (Britain’s Exit) from the European Union was unexpected and shocked the world.  The New York Stock Exchange dropped over 600 points on Friday. The vote caused the British Pound to drop to an all time lowest level in 31 years, and the vote caused havoc on european markets.

Britain’s Prime Mister David Cameron resigned on Friday as well.

“The British people have voted to leave the EU and their will must be respected,” he said. “The will of the British people is an instruction which must be delivered. … There can be no doubt about the result.”
Cameron gave no timetable for his departure but said he wanted a new leader to be in place by October, when his Conservative Party holds its annual conference.
He said the country needed a pro-exit leader to steer it out of the EU, an organization it has been a part of since 1973.
It is estimated that the Brexit process will take approximately two years. EU leaders are calling for the removal of Britain as soon as possible.
A key to the vote is Britt’s fears about immigration as refugees flee Syria are flooding into Europe, and with Britain being out of a union they can set up their own immigration restrictions outside of the union.

Both President Obama and Presidential Candidate Hillary Clinton were against the the exit however Donald Trump hailed the vote as gain along with his message to seal the US borders from Muslim and Mexican immigrants.

More on this story as it develops.

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