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G7 countries closely monitor market developments following Brexit

Xinhua, June 24, 2016 Adjust font size:

The Group of Seven financial ministers and central bankers said Thursday that they are closely monitoring market developments, after Britain voted to leave the European Union in a referendum on Thursday.

"We, G7 Ministers and Governors, respect the intention expressed today by the people of the United Kingdom to exit from the European Union. We are monitoring market developments following the outcome of the referendum on the UK's membership of the EU," said a statement released Thursday by the U.S. Treasury on behalf of the G7 ministers and central bankers.

The British economy and financial sector remained resilient, and the British authorities were well-positioned to address the consequences of the referendum outcome, said the statement.

In order to guard against adverse implications for economic and financial stability following the referendum, the G7 central banks have taken steps to ensure adequate liquidity and to support the functioning of markets, said the statement.

At a referendum held on Thursday, the majority of British people voted to leave the EU. Endi