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 Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.