UK finance minister Osborne making his scheduled statement 27 June 2016
- market volatility will likely continue
- UK economy will have to adjust
- UK growth has been robust
- contingency plans are in place
- on-going contact with BOE gov Carney, have agreed further plans if needed
- have been in touch with EU fin mins
- Article 50 should only be triggered when UK has clear view on relation with EU
- makes sense to wait for new PM before deciding action
- need to address impact on public finances
- no one should doubt UK resolve to maintain fiscal stability
- completely focussed on task as chancellor
- will address Tory party shake-up and his role in it over the coming days
" There have been questions about the future of the Conservative Party and I will address my role within that in the coming days"
Not standing down yet then, and a bid for leadership not out of the question either.
GBPUSD unfazed by any of it at 1.3402 still. EURGBP 0.8233
