Bank of England out with a general statement 24 June 2016
- will take all necessary steps to ensure monetary and financial stability
- has undertaken extensive contingency planning
- working closely with UK Treasury, other domestic authorities and other central banks
Standard fayre. We're expecting Carney to make a statement soon.
I don't see direct FX intervention but watch out for money market action.
Meanwhile GBPUSD back to 1.3602 EURGBP down to 0.8087 as the fallout and two-way volatility continue.
