In two months’ time the MPC may acquire to respond to a vote to leave the EU. First off,they would sever interest ratesIt is Tuesday 27 June, five days after Britain has voted to leave the European Union. The pound is falling on the foreign exchanges and share prices are tumbling. Deep inside Threadneedle Street, and the nine members of the Bank of England’s monetary policy committee acquire gathered for an emergency meeting.
The result of the referendum has advance as a surprise,intensifying the market turmoil. Polls had suggested a tight race but the assumption had been that the don’t knows would eventually opt for the status quo. The pollsters were wrong.
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Source: theguardian.com