Voters in Britain on Thursday chose to leave the European Union.
The vote forced the resignation of British prime minister David Cameron and sent the British pound plunging to its lowest level in more than 30 years.
According to Reuters, global financial markets plunged Friday as results from the referendum showed a near 52-48 percent split for leaving a bloc that Britain joined more than 40 years ago.
The British pound fell as much as 10 percent, prices last seen in 1985, because of fears the decision to leave the EU could hit investment in the world’s fifth-largest economy, threaten London’s role as a global financial capital and spell months of political uncertainty.
World stocks neared hitting one of the biggest slumps to date. Billions of dollars were wiped off the value of European companies.