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Brexit aftershocks hit markets; Cameron quits as premier

The pound plunged to the lowest since 1985, global stocks tumbled, companies consider pulling out of Great Britain after U.K. voters voted to leave the EU.

By Thomas Penny and Svenja O'Donnell, Bloomberg | Updated on June 24, 2016
A journalist holds up a copy of the London Evening Standard newspaper as he takes part in a television broadcast outside the Bank of England in the City of London, Friday, June 24, 2016. Britain's Prime Minister David Cameron announced Friday that he will quit as Prime Minister following a defeat in the referendum which ended with a vote for Britain to leave the European Union. (AP Photo/Matt Dunham)

(Bloomberg) — The aftershocks from Britain’s political earthquake buffeted markets and policy makers, creating political upheaval in London, dismay in European capitals and panic on trading floors around the world.

The pound plunged to the lowest since 1985, global stocks tumbled and bonds and gold rallied after U.K. voters decided in a referendum to leave the European Union. Prime Minister David Cameron resigned, saying he’d serve another three months, after a 52 percent majority rejected his pro-EU campaign.

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