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New British Prime Minister

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British Prime Minister David Cameron is chairing a farewell cabinet meeting today before handing over power to his successor. Theresa May will become Prime Minister tomorrow, after meeting with Queen Elizabeth.

Cameron announced he was resigning last month after Brits voted by a very narrow margin to leave the European Union. The surprise result sent markets tumbling, and the British pound sunk to 32 year lows.

Theresa May had quietly supported staying in the European Union, but she says she’ll stand behind the Brexit regardless of her previous views.

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