Brexit:The meaning and it's outcome

"Brexit" is an abbreviation of "British exit" that mirrors the term Grexit.It refers to the possibility that Britain will withdraw from The European Union.
The country held an in-out referendum on its EU membership on June23 and voted to exit.
The outcome has prompted celebrations among Eurosceptics and sent shockwaves through the global economy.
The pound has fallen to its worst levels since 1985 and David Cameron has resigned as Prime Minister of Britain.