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    Federal Reserve Ready to Provide Dollar Liquidity After Brexit

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    The US Federal Reserve is following global financial market developments and is prepared to provide dollar liquidity to address market pressure following the UK decision to leave the European Union, the bank said in a statement on Friday.

    WASHINGTON (Sputnik) — On Thursday, the United Kingdom held a referendum to determine whether or not the country should leave the European Union. According to the final results, 51.9 percent of voters, or 17.4 million people, decided to support Brexit.

    "The Federal Reserve is prepared to provide dollar liquidity through its existing swap lines with central banks, as necessary, to address pressures in global funding markets, which could have adverse implications for the US economy," the Fed stated.

    The bank said it was cooperating with other central banks to closely monitor developments in the global financial markets.

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    Britain Says 'Cheerio' to EU (463)

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