Obama Says US, Britain Relationship ‘Enduring’ Despite Brexit

Other reports have found smaller but still significant impacts.

Trump cast the potential economic turmoil as positive. “There is no suggestion they are responsible for the extremists” conduct. “Today Jo would have remained optimistic and focused on what she could do to bring our country back together around our best values”, he said on Twitter. “We do not want to be associated in any way with such people'”.

Speaking at a conference at Stanford University in California, Obama said he had discussed the results by telephone with both Cameron and German Chancellor Angela Merkel, who had opposed the British withdrawal and whose economy is the largest in the European Union. The Conservatives are facing a leadership battle to replace Cameron, and some members of the opposition Labour Party also hope to oust their leader, Jeremy Corbyn, who they accuse of failing to promote the “remain” side strongly enough.

“(We will) explore possible options to protect Scotland’s place in the European Union”, she said after meeting with her Cabinet in Edinburgh, adding that a new referendum on Scottish independence from the United Kingdom is “very much on the table”.

Cameron said there is no doubt about the result of the referendum but that he is not the “captain” that will steer the ship through hard negotiations with the EU.

“We now expect the United Kingdom government to provide clarity and give effect to this decision as soon as possible”, the statement read.

Britons, many anxious by immigration and what they saw as interference in the running of their country by bureaucrats in Brussels, voted by 52 to 48 percent to abandon the bloc after four decades of often troubled membership.

Ms. Sturgeon said the government was already drawing up legislation for another referendum and that is “democratically unacceptable” for Scotland to be forced to leave the European Union after voting to remain.

Global financial markets plunged on Friday as results from a referendum showed a near 52-48 per cent split for leaving a bloc that Britain joined more than 40 years ago. Johnson and Farage are likely to play major roles in British politics in the near term.

People in the financial industries aren’t the only ones anxious about what will happen after the Brexit. With results nearly too close to call until the early hours of Friday morning, the decision to leave the EU is now preempted to have the biggest effect on the European – and in turn, global – financial system since the economic crisis of 2008. Nature conducted a poll in March with over 600 scientists and found 83 percent wanted to stay in the EU.

The close relationship between Singapore and the United Kingdom (UK) will remain unchanged following Thursday’s Brexit vote, British High Commissioner to Singapore Scott Wightman said on Saturday (June 25).

“Come November, the American people will have the chance to re-declare their independence”. If no deal is struck within the two years and no extension granted, Britain will essentially revert to having no deal with the European Union, instead using World Trade Organization (WTO) rules for trade.