Fed ready to offer 'dollar liquidity' to central banks amid Brexit turmoil

US markets suffer losses upon opening

The US Federal Reserve has said it will provide US dollar liquidity to other central banks to address pressures in global markets following the UK's decision to leave the European Union.

In a statement, the US central bank chaired by Janet Yellen (pictured) said it is "carefully monitoring" developments in global markets alongside other central banks following the results of the referendum. "The Federal Reserve is prepared to provide dollar liquidity through its existing swap lines with central banks, as necessary, to address pressures in global funding markets, which could have adverse implications for the US economy," the central bank said. In yesterday's referendum, the 'leave' campaign won by 52% of the votes to 48%, followed by Prime Minister David Cameron announ...