Before treasury committee Bank of England (BOE) governor pledged that the bank will remain neutral and will refrain from recommending what to over the referendum, at the same time Mr. Carney warned against the uncertainty stemming from Brexit, which at that time faced heavy rebuke from the supporters of exit, calling the banks’ commentaries being guided by the finance ministry viz. a viz. chancellor of exchequer George Osborne.

Mr. Osborne in his budget speech yesterday, warned heavily against the exit risks and slashed forecast for growth in this year and next.

And today, in its monetary policy statement, BOE have associated recent weakness with Brexit, that may not be likened by exit group heads, such as London mayor Boris Johnson, who has defined sterling move as usual and unlikely to do much with Brexit and the currency to gain in the longer run, if Britain leaves European Union.

Other than commenting over Brexit and Pound, Bank of England kept policy on hold for straight 84th month.

Pound moved higher as expected, post policy riding on weaker Dollar. Pound is currently trading at 1.438 against Dollar.