Britain has voted to leave the European Union (EU) in a historic vote that will impact the world financial markets.
Prime Minister, David Cameron, now faces calls for him to resign while Scotland and Northern Ireland opted for a remain vote.
702's John Robbie spoke to Executive Chair of Pan African Investment and Research Services, Dr Iraj Abedian, on what is likely to follow.
Listen to the conversation below:
The pound already plunged by 12% and London isn't even up yet. We have to see if the Brits are going to be happy with the consequences.— Dr Iraj Abedian, Executive Chair of Pan African Investment and Research Services
Abedian said the leave vote might encourage other EU countries (such as Greece and France) to consider the same decision, a move that the EU would not want.
I don't think the EU is going make it too tough for England, but it would have to find mechanisms to ensure that other members don't get ideas.— Dr Iraj Abedian, Executive Chair of Pan African Investment and Research Services