What is Brexit?

QuestionsCategory: WorldWhat is Brexit?
MyIQ Staff Staff asked 3 years ago

I am getting lots of whatsapp messages on Brexit. What is it exactly?

1 Answers
MyIQ Education Staff answered 3 years ago

Brexit is an abbreviation of “British exit”, which refers to the June 23, 2016 referendum by British voters to exit the European Union. The referendum roiled global markets, including currencies, causing the British pound to fall to its lowest level in decades. Prime Minister David Cameron, who supported the UK remaining in the EU announced he would step down in October.

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