Cameron resigns in wake of Leave vote on EU referendum

UK prime minister David Cameron has announced his resignation in the wake of the historic referendum on the continued membership of the country in the EU.

Cameron made his announcement at around 8.30am on 24 June, following a vote that saw the country’s voters choose by 51.9% to 48.1% to leave the EU.

The announcement comes only a year after Cameron won a general election in the UK. He set himself a timetable of leaving by October, when the Conservative Party will have its annual party conference.

The decision comes as currency markets in first Asia then Europe went into turmoil, sending the pound to its lowest level in three decades against the dollar, and the FTSE opened sharply lower.

InvestmentEurope will publish running commentary through the day including reaction from asset managers, investors and others in light of the referendum outcome.

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