Brexit vote hits pound and markets, political crisis deepens

June 27, 2016 12:55 PM

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Brexit vote hits pound and markets, political crisis deepens

LONDON Britain's vote to leave the European Union sent new shockwaves through financial markets on Monday, despite efforts by the country's leaders to end the deep political and economic uncertainty unleashed by the decision.

Finance minister George Osborne said the British economy was strong enough to cope with the volatility caused by Thursday's referendum, the biggest blow since World War Two to the European goal of forging greater unity.

Also read: Boris Johnson: UK should not pay 'large sums' for EU trade access

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