Bloomberg reporting an article in Messaggero 3 June 2016

  • BOE, ECB planning liquidity guarantee and currency pact

No further detail at present but an interesting, albeit sensible, plan/notion.

Given the fact that both the pound and euro would get slapped hard in the event of Brexit it will be interesting to see just how they plan to effect the currency pact.

Neither currency moving on the report so far but we'll be watching out for any further detail.

EURGBP 0.7736 with GBPUSD still holding 1.4400 and EURUSD pinned around 1.1150