FT: BoE preparing contingency plans for Brexit

The Financial Times report on the Bank of England preparing contingency plans for Britain to leave the EU

• The BoE will hold additional auctions of sterling in the days leading up to the June 23 vote
• Michael Saunders, the new member of the bank's Monetary Policy Committee, expects the pound to come under severe pressure. While still at Citi, he wrote that Brexit risks were "nowhere near priced yet", adding that Britain should expect a 15 to 20 per cent depreciation of sterling against Britain's main trading partners.

The full piece from the FT is here and is worth a read on how the Bank is preparing for potential volatility. (Note, the FT may be gated but its often possible to read some articles with a free registration if you are not a subscriber)