The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Britain Votes to Exit EU, Pound Plunges and Cameron to Step Down

Britain has voted to exit the 28-nation bloc, unleashing market turmoil, political uncertainty and untold damage to the global fashion industry.

Limei Hoang

24 June 2016

Britain votes to leave the European Union
Pound plunges to 1985 low, falling below $1.35
£122 billion wiped off FTSE 100
David Cameron to step down as prime minister in October
Government will not immediately trigger 'Brexit' under Article 50
Vote "highly likely" to trigger second Scottish referendum

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