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Tag Archives: United Kingdom

The Stunning Collapse of the British Pound

The Stunning Collapse of the British Pound

As voting results came in, the British pound dropped more than 10 percent to a low $1.34 per pound. It’s being heralded as the sharpest one-day decline the pound has ever seen. The British pound fell more than 10 percent on Thursday night, reaching $1.34 per pound, after midnight Eastern time, a stunning …

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David Cameron Resigns After UK Votes to Leave European Union

David Cameron Resigns After UK Votes to Leave European Union

David Cameron has resigned as prime minister after the British public rejected his personal entreaties and voted to leave the European Union. “The will of the British people is an instruction that must be delivered,” the prime minister said, his voice breaking with emotion, and his wife, Samantha, standing beside …

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