Historic ‘Brexit’ Sparks Equities Selloff, Safe-Haven Pile On

UK citizens voted to leave the European Union, sending global stocks sharply lower as investors flooded safe-haven assets like the yen and government bonds on Friday. The pound sunk to its lowest level against the dollar in 31 years. UK Prime Minister David Cameron said he will step down. The UK voted 51.9 percent in support of exiting the EU in a Thursday referendum. Plus, European banks such as Barclays BARC sunk 19 percent, while Lloyds Banking Group LLOY dipped 22 percent. TheStreet's Scott Gamm speaks with Michael Ingram, a markets strategist at BGC Partners in London and John Canally, chief economic strategist at LPL Financial in Boston.