UK Independence Party and "Leave" leader Nigel Farage greeted reporters Friday morning by saying, "The sun has risen on an independent United Kingdom."

British Prime Minister David Cameron, who staked his political future on Britain remaining in the European Union, resigned first thing this morning.

Germany has announced it will host an emergency meeting of the original six founding EU nations.

World stock markets were hit hard at first, while gold shot higher. The British pound plunged to its lowest level in 31 years.

There have been a lot of claims about what would happen to Great Britain if it left the European Union. It's not at all clear which of them is true. It's more certain about what is ahead for the European Union: crisis. (Screengrab via CBN News)

"I believe the other big effect of this election is not what's happened in Britain, but what will happen in the rest of Europe," Farage said. "The EU is failing, the EU is dying. I hope we've knocked the first brick out of the wall. I hope this is the first step towards a Europe of sovereign nation states."

Polls show the people of Netherlands and Denmark would also like to vote on leaving, still, more nations may now find the courage to try to leave. And because Scotland voted to remain in the European Union, it could hold another referendum to leave the United Kingdom.

The world economy, for the short term at least, could be battered by uncertainty. British economist Vicky Pryce says, "Clearly the markets will be in a bit of turmoil and I suspect that the Bank of England's going to have to intervene very significantly to calm the markets down."

Some think Prime Minister Cameron could be replaced by former London Mayor Boris Johnson, who campaigned to leave and compared the goals of the European Union to Adolf Hitler's dreams of a European super-state.

Britain will now negotiate a separation from the European Union that could take years. But talk of an EU death spiral has already begun.

CBN News

To receive daily emails from Breaking Christian News to your inbox CLICK HERE

Christian Singer-Songwriter Forrest Frank Shares about His Miraculous Healing on Fox & Friends

Texas Pastor Challenges Cohabiting Couples to Marry; Dozens Show Up for Joint Ceremony

UK Will Remove Historical Figures from Currency in Latest Move to Erase National Heritage [Video]

South Dakota Wins Legal Victory against New York Abortion Pill Promoters

Is It Happening? Cuban Regime Makes a Big Announcement

Epic Fury Update: US Refueling Aircraft Crashes over Iraq with No Survivors; Pray for Their Families

CNN's Abby Phillip Apologizes On-Air after Tweet-Correction Prompts Even More Criticism [Video]

TERRORISM & HEROISM: ODU Shooter Supported ISIS, Shouted 'Allahu Akbar', Was Killed by ROTC Students

US Intercepts Possible Iranian Islamic Regime 'Sleeper Assets' Trigger

'As Christ Has Done for Us': Family of Teacher Killed in Prank Offers Mercy to Students

Christian Leaders Help Defeat Colorado Attempt to Legalize 'Women as Commodities'

Trump Appoints Erika Kirk to Air Force Academy Board

'America First Always': President Trump Announces New Refinery Being Built in US; First in 50 Years

Pray: Pam Bondi Reportedly Forced onto Military Base as Threats against Trump Officials Grow

Senator Hawley Introduces the Safeguarding Women from Chemical Abortion Act

Watch This Shock Voter Fraud Video in California; Then Tell Your Senator to Pass the SAVE America Act

Prayer and Action Alert: Senator Thune to Bring SAVE Act to the Senate Floor Next Week

Prayer Alert: Car Ramming and Shooter at Jewish Synagogue in Michigan-Early Report 'No Victims'

President Trump Posts a Couple Christian, Prophetic Videos on His Truth Social Account

Mount Rushmore's Independence Day Fireworks Are Back