The Bank of England was forced on Friday night to confirm that it was secretly researching the financial impact of a possible decision by Britain to leave the EU, after it mistakenly emailed a journalist with the details.
The confidential email, mis-sent to the Guardian newspaper, is reported to include details of the study, dubbed “Project Bookend”. It also stated that the press and most staff at the BoE should be kept in the dark about the work under way.
The decision by the central bank comes only weeks after the Conservative party secured a majority in the UK general election, paving the way for a referendum by 2017 on British membership of the EU.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.