Bank of England in close contact with banks after vote for Brexit

By: | Published: June 24, 2016 11:21 AM

The Bank of England's supervisory arm is in contact with banks ahead of the market open after Britain voted to leave the European Union, a source familiar with the situation said on Friday.

bank of englandWorld financial markets dived as nearly complete results showed a 51.8/48.2 percent split for leaving the EU.
Sterling sank to its lowest level since 1985 and the London stock market is set to fall sharply at the open. (Reuters)

The Bank of England’s supervisory arm is in contact with banks ahead of the market open after Britain voted to leave the European Union, a source familiar with the situation said on Friday.

World financial markets dived as nearly complete results showed a 51.8/48.2 percent split for leaving the EU.
Sterling sank to its lowest level since 1985 and the London stock market is set to fall sharply at the open.

Also Read:Bank of England says Brexit would pose risks to global economy
“The Bank of England’s Prudential Regulation Authority is in close contact with banks,” the source said.

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