+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

BARCLAYS: Here's what 6 central banks will do if Britain votes to leave the EU

Jun 23, 2016, 12:34 IST

Miley Cyrus throws money in the air as she performs at the opening night of her Bangerz Tour in Australia at Rod Laver Arena on October 10, 2014 in Melbourne, Australia.Scott Barbour/Getty Images

The UK's referendum on European Union membership is finally here.

Advertisement

The polls up until Thursday have shown that the balance has swung from the Remain vote to Leave, and then back again.

All this means it's really too close to call.

Leading up to the vote, more attention has been given to apocalyptic market scenarios in the event of a Brexit than to what would happen if the UK votes to stay in the EU.

Some of the forecasts have been grim. HSBC estimated this week that if Britain votes to leave the EU, the pound could fall by 15% against the dollar and gross-domestic-product growth could be 1 to 1.5 percentage points lower in 2017 than it would have been otherwise.

Advertisement

It's likely central banks around the world would be forced to intervene and calm the markets. Here's how analysts at Barclays sees the major ones acting:

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article