Bank of England governor Mark Carney has told MPs that investors fear the pound will suffer fresh losses as the EU referendum approaches Latest: Carney confirms contingency planning underway EU referendum could hit UK confidence Carney: Pound has suffered from Brexit fears 12.14pm GMT The Treasury Committee session is now over, and Mark Carney and colleagues have been released back into the wild. But if you want more EU referendum action, check out our Politics Live blog. 12.00pm GMT Guardian readers have known for a while that the Bank of England was working on contingency plans for the EU referendum. Back in May 2015, the Bank of England accidentally emailed us the details of Project Bookend, including how to deny it existed. #oops Related: Secret Bank of England taskforce investigates financial fallout of Brexit The email indicates that a small group of senior staff are to examine the effect of a Brexit under the authority of Sir Jon Cunliffe, who as deputy director for financial stability has responsibility for monitoring the risk of another market crash. Cunliffe also sits on the board of the City regulator, the Prudential Regulatory Authority. Continue reading...
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