Tayyip Erdogan has won Turkey's first presidential election after securing a majority of votes, a top official said tonight.
Sadi Guven, chairman of Turkey's High Election Board, said that 99 per cent of the votes had been counted.
Erdogan, who had been prime minister, thanked his supporters for electing him as the country's 12th president and pledged a new period of social reconciliation.
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Chancellor George Osborne will seek to reassure financial markets on Monday morning following Britain's decision to leave the EU.
In his first outing since the referendum result, the lead Leave campaigner has outlined his vision for a post-Brexit Britain.