“The Bank of England has appropriately announced plans to hold additional liquidity auctions in the weeks around the referendum,” the IMF said. Tushar Morzaria, finance director of Barclays, has said the bank was being “careful in how we manage our liquidity pool”. The Bank of England will draw on lessons learned from the Scottish referendum and the global financial crisis as it steps up its preparations for a possible decision by Britain to leave the EU on 23 June. “However harmless and prudent and careful that is, some people will interpret it as a signal of potential stress. The week after the result, the Bank intends to offer more cash on 28 June.

Source: The Guardian June 05, 2016 14:44 UTC