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Brexit (Brexit is an abbreviation for "British exit," referring to the UK's decision in a June 23, 2016 referendum to leave the European Union (EU). The vote's result surprised pollsters and roiled global markets, causing the British pound to fall to its lowest level against the dollar in 30 years. Prime Minister David Cameron, who called the referendum and campaigned for Britain to remain in the EU, resigned the following month. Home Secretary Theresa May replaced Cameron as leader of the Conservative party and as Prime Minister. Following a snap election (skip to section) on June 8, 2017 she remains Prime Minister, but the Conservatives have lost their outright majority in Parliament. Read more: Brexit Definition | Investopedia  investopedia.com Alexander Demidov) |
