Brexit round-up: BoE tests water for rate cut if UK votes 'out'

Juncker warns of 'unforseeable consequences'

The Bank of England (BoE) is sounding out bank chiefs about the impact of a possible cut in interest rates should the UK vote to leave the EU in June's referendum.

The Sunday Times reports the UK's central bank has given a private warning to lenders to prepare for the possibility of a rate cut, as it readies a report on the impact of a potential Brexit. One bank chief executive told The Sunday Times he had been invited to the bank for an "informal discussion". The source said they was encouraged to check whether their bank's balance sheet could withstand a rate reduction. The BoE will this week deliver its most detailed warning yet on the potential impact of an exit from the European Union, against a backdrop of UK GDP growth slowing to just ...