David Cameron has resigned his position as the Prime Minister of Britain.
His resignation came hours after Britain voted to exit the European Union in a referendum. The result had caused the British Pound to fall levels seen several decades ago.
Speaking afterwards, Cameron said Britain required “fresh leadership” to negotiate the country’s exit from the EU, ITV News says.
“I do not think it would be right for me to be the captain that steers our country to its next destination,” he said in a statement outside Downing Street.
He promised to “steady the ship” over the coming months before stepping down in October.
Mr Cameron said the result was the “will of the British people” which was an “instruction which must be delivered”.
He was close to tears as he announced his decision.