- US treasury secretary, Jack Lew: watching exchange rates very closely
Market news
27 June 2016
US treasury secretary, Jack Lew: watching exchange rates very closely
- US economy doing pretty well despite headwinds.
- sees long period of change after Brexit vote.
- watching exchange rates very closely, unilateral action to intervene would be inappropriate.
- tools are in place to manage Brexit fallout.
- EU banks better positioned than they were in 2008.
- market impact from Brexit has been orderly so far.
- UK and EU leaders must provide for stability, continuity.
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