The shocking decision is already causing a major panic in the global market.
World markets took a plunge on Friday after a dramatic night ended in Britain voting to leave the European Union.
Initial polls had the 'remain' camp winning by a knife-edge. But the final count saw a narrow victory for 'leave' as the nation split 52-47 in favor of becoming the first ever EU member state to request an exit.
The historic result sent the British pound plummeting to a 31-year low, one of its biggest one-day falls in all time, dropping from about $1.50 to below $1.35.
US markets were expected to open down 550 points on Friday morning. Trading in Tokyo was halted after stocks plunged nearly 7 per cent, while South Korea's Kospi tumbled about 4 per cent. Crude oil prices also took a hit.
The pound sterling has plunged to a 31-year low to sell at $1.33 following the outcome of the vote on Friday morning.
Some analysts said Britain could fall into recession.
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