BoE policymakers said it was "increasingly likely" that sterling would fall further after a vote to leave the EU. REUTERS/Toby Melville
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The Bank of England escalated its warnings about the fallout from a British vote to leave the EU next week, saying it could harm the global economy and the sterling looked increasingly likely to fall further after an "Out" decision. The BoE's monetary policymakers also discussed the Bank's contingency plans to protect the banking system in the event of an "Out" vote, including closer supervision of banks to make sure they have access to the liquidity they need. They said the referendum was the largest immediate risk facing British financial markets, repeating previous language about the vote but this time they said markets and economies around the world could be at risk too.
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