LONDON (Sputnik) — On Thursday, the United Kingdom held a referendum on its membership of the European Union. Earlier on Friday, it was announced that 51.9 percent of people supported the move to leave the bloc.
The Bank of England is monitoring developments closely. 1/3
— Bank of England (@bankofengland) 24 июня 2016 г.
It has undertaken extensive contingency planning, working closely with @hmtreasury, other domestic authorities & overseas central banks 2/3
— Bank of England (@bankofengland) 24 июня 2016 г.
According to market data, the British pound exchange rate is fluctuating around $1.36 amid the United Kingdom's decision to leave the European Union. Earlier in the day, the pound hit its lowest level since 1985, standing at $1.38.
According to the bank, people's travel, the movement of goods or the way Britain sells its services will not be changed at initial stages.
"The Bank of England stands ready to provide more than £250bn [$369 billion] of additional funds through its normal facilities. The Bank of England is also able to provide substantial liquidity in foreign currency, if required," the bank's statement read.
