Economic

Carney Pledges $345 Billion to Fund First Line of Brexit Defense

“As markets went into turmoil and the pound plunged to a three-decade low after Britain voted to leave the European Union, the Bank of England issued an early morning statement and its governor stepped in with a pledge to provide an extra 250 billion pounds ($345 billion) for the financial system. He also said the BOE has further measures if needed to deal with what he described as a ‘period of uncertainty and adjustment.’”

Source: Carney Pledges $345 Billion to Fund First Line of Brexit Defense – Bloomberg

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