BoE ready to act after ‘Brexit’

The Bank of England stressed it will take all the necessary actions to preserve stability in the financial markets after the shocking victory of the ‘Leave’ vote at the UK referendum.

The BoE has also added it has undertaken extensive contingency planning, while it is closely working with the UK Treasury and central banks overseas.

At the moment, GBP/USD is approaching 1.3700 and EUR/GBP has broken below 0.8100, while a statement from Governor Carney should be on the wires anytime soon.