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David Cameron resigns as Prime Minister after Brexit

David Cameron has announced he will quit as Prime Minister by October after a humiliating defeat in the referendum which ended with a vote for Britain to leave the European Union. The Prime Minister announced his decision outside 10 Downing Street minutes after the markets opened with carnage in the City of London. More than £100 billion was wiped off the FTSE 100 as the index fell more than 7%, while the pound also crashed 8% against the US dollar.

Source: Press Association

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