GETTY President Obama said Britain is an iindispensable partner

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It comes despite constant scaremongering from the Remain campaign in the run up to the referendum the UK would face a tough foreign deals if it quits the bloc. President Barack Obama yesterday said the UK and EU will remain "indispensable partners" of the United States following the Brexit vote. The US leader added that the "special relationship" between the Britain and Washington will continue into the future. It marks a backtrack for the president who previously warned the UK would be at the "back of the queue" for a trade deal in the event of Brexit.

President Obama said: "The people of the United Kingdom have spoken, and we respect their decision. "The special relationship between the United States and the United Kingdom is enduring, and the United Kingdom's membership in Nato remains a vital cornerstone of US foreign, security and economic policy. "So too is our relationship with the European Union, which has done so much to promote stability, stimulate economic growth, and foster the spread of democratic values and ideals across the continent and beyond.



"The United Kingdom and the European Union will remain indispensable partners of the United States even as they begin negotiating their ongoing relationship to ensure continued stability, security and prosperity for Europe, Great Britain and Northern Ireland, and the world."

Canadian Prime Minister Justin Trudeau echoed the sentiment from President Obama in a statement yesterday. He said: "The UK and the EU are important strategic partners for Canada with whom we enjoy deep historical ties and common values. "We will continue to build relations with both parties as they forge a new relationship. "Canada's connections to our partners around the world are among its greatest assets, and these relationships contribute greatly to the prosperity of all Canadians."

Brexit: What happens next Fri, June 24, 2016 After yesterday's referendum, here is a look at what will happen immediately following the historic vote for Britain to leave the EU. Play slideshow AFP/Getty Images 1 of 14 Brexit: What to expect next