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BOE to Dust Off War Games If No-Deal Brexit Becomes Reality

  • Central bank will manage liquidity, but can’t stop volatility
  • Mark Carney has plenty of experience planning for disruptions
Pedestrians walk past the Bank of England (BOE) in the City of London.

Pedestrians walk past the Bank of England (BOE) in the City of London.

Photographer: Simon Dawson/Bloomberg

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Bank of England Governor Mark Carney will soon find himself thrust once more unto the breach if the U.K. crashes out of the European Union without a transition.