Fri. Mar 1st, 2024
Carney: Bank of England Well Prepared For Brexit

June 24 -- The bullish sentiment that lifted U.K. equities in recent days is getting crushed as Britons voted to leave the European Union and Prime Minister David Cameron said he’ll quit by October. Bank of England Governor Mark Carney says in a televised address “as a backstop, and to support the functioning of markets, the Bank of England stands ready to provide more than GBP250bn of additional funds through its normal facilities,” adding that the BOE “will not hesitate to take additional measures as required as markets adjust and the U.K. economy moves forward.”

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