Carney Says Will Make Outcome of EU Referendum Work

Britain’s relationship with the European Union is working but the Bank of England will do whatever is needed to adapt should Britons vote to leave the bloc in a referendum, BoE Governor Mark Carney said on Wednesday.

“Our job is to make whatever the British people decide work,” he told Sky News. “And there’s a status quo, we’re making that work and we think it is working, but if things change we will do what’s necessary.”

Britain is due to vote before the end of 2017 on whether to stay in the EU, and Carney attracted criticism last month from anti-EU campaigners after he delivered an upbeat assessment of membership of the bloc.


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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam