TL;DR: Britain has voted to leave the European Union. Prime Minister David Cameron will resign. And the British pound fell to a 31-year-low against the U.S. dollar.
Here are the top stories
UK voters sent a massive shock through the country’s political system and the world’s financial markets after they overturned 40 years of British membership of the European Union.
LONDON — The historic referendum defied opinion polls. Stock markets and interest rates around the world have collapsed in response and Prime Minister David Cameron said he’ll resign by October in the wake of the Brexit vote. The British pound fell to a 31-year low against the U.S. dollar on Friday, its biggest one-day plunge ever.
The London Stock Exchange saw its biggest fall since the 2008 financial crisis. While most companies saw their shares take a battering, the hardest hit were banks and housebuilders. The Bank of England could inject up to £250 billion into the British economy to help markets recover, the bank’s chief, Mark Carney, said.
Prime Minister David Cameron said he’s not the “captain to steer our country to the next destination” as the UK faces up to a lengthy period of negotiations over quitting the EU.
Dan Kitwood / Getty Images
A divided country
While Scotland and London voted for Remain, anti-EU voters turned out in larger numbers across large swaths of England and Wales to reject the pleas of the prime minister and other main party leaders to stick with the EU.
Nigel Farage celebrates the Leave campaign’s victory in yesterday’s referendum.
First Minister Nicola Sturgeon said the “people of Scotland see their future as part of the European Union” and that a second referendum on Scotland’s independence is now “highly likely.” All counting areas of Scotland voted Remain but turnout was lower than expected.
Donald Trump is in Scotland today to visit one of his golf courses. He called Brexit “fantastic” and “great,” saying that he thinks other countries will follow suit. “People are angry all over the world,” the presumptive U.S. Republican presidential nominee said, adding that the vote was about borders, seemingly connecting it with his own campaign in the U.S.
European leaders will tell the UK they want Brexit to happen quickly — the 27 remaining EU nations are expected to deliver a tough message to Britain: “We’re sorry you’re going, but life goes on ... leave means leave.” Meanwhile, far-right politicians and populists across Europe are celebrating the vote and hope to use this to call on their own countries to have in/out referendums.
U.S. Supreme Court news: SCOTUS ruled 4–3 that the University of Texas at Austin’s race-conscious admissions program is constitutional. (BuzzFeed News) And President Barack Obama’s plan to stop the deportation of millions of undocumented immigrants will stay blocked after a split Supreme Court ruling. (BuzzFeed News)
Baltimore cop Caesar Goodson was found not guilty of all charges — including second-degree murder — in the death of Freddie Gray, a young black man who died last year after suffering a spinal cord injury in police custody. (BuzzFeed News)
#NoBillNoBreak came to an end on Thursday. After more than 25 hours, U.S. House Democrats stopped their marathon sit-in over gun control. (BuzzFeed News)
This Syrian humanitarian worker met his 3-year-old niece for the first time when he rescued her from a refugee boat on a Greek beach. (BuzzFeed News)
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