23:38 GMT25 November 2020
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    Britain Says 'Cheerio' to EU (463)
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    The Bank of England pumped £3.1 billion pounds (around $4.1 billion) into the country’s banking system after the British vote to leave the European Union, media reported on Tuesday.

    MOSCOW (Sputnik) According to media reports, this is the first operation carried out by the central bank since the results of the referendum were announced.

    The Financial Times newspaper reported that the Bank of England allotted 3.072 billion pounds to lenders, having received bids that amounted to 6.3 billion pounds.

    Media noted that before the UK referendum, three special auctions were announced by the Bank of England, including a liquidity injection, to quell any panic about the state of the country’s lenders.

    The UK Electoral Commission announced that around 52 percent of British voters voted to leave the bloc that caused economic turbulence in the country's economy and a drop in UK stock indices as well as a devaluation of the pound sterling.

    Britain Says 'Cheerio' to EU (463)


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