Review of financial and economic press: The Bank of England will allocate £ 250 billion to support the country after Brexit

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Israel and Turkey are ready to announce the normalization of relations

Israel and Turkey have reached an agreement on the normalization of bilateral relations after six years of cooling. The details will be officially announced on Monday, June 27, citing unnamed Israeli diplomat.

Brexit: Ten British "shadow" ministers resign

Ten Ministers of the British "shadow cabinet" Labour Party on Sunday, 26 June left their posts after the majority of the population voted to leave the European Union. According to Sky News, in the future, new applications will follow the resignation.

German Vice-Chancellor: EU will not be persuaded Britain to stay

Vice-Chancellor of Germany, Economy and Energy Minister Siegmar Gabriel spoke out against the possible concessions to address the UK with the aim to keep it in the European Union. "The British have now decided to leave and we will not talk about what EU can still offer." - Said Gabriel in an interview with Handelsblatt newspaper, the announcement of which was published in the Sunday, June 26.

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Lagarde: the financial markets have underestimated the consequences of Brexit

Director of the International Monetary Fund (IMF), Christine Lagarde, said that global financial markets had underestimated the effects of the British referendum on membership in the European Union, but the panic in the economy did not happen, according to TASS.

Bloomberg: Scotland will become the EU's new financial capital after Brexit

According to a member of parliament's Treasury Committee Mark Garner, Scotland can take the position of London, staying within the European Union. Garner believes that the minister Nikola Stardzhena tried to find an alternative role for the country.

Britain's Foreign Minister compared the loss of the European market with a disaster

British Foreign Secretary Philip Hammond said that it would be disastrous for the country to lose access to the European market, reports Reuters. It is noted that the minister himself is in favor of the United Kingdom to remain in the union. According to him, to maintain access to the market after Brexit will be impossible.

Moody's credit worsened Britain's rating outlook to "negative"

International rating agency Moody's decided to downgrade the UK's rating outlook after the referendum on withdrawal from the EU. The forecast has been lowered long-term issuer rating and debt rating from "stable" to "negative."

According to the head of the Eurogroup Jeroen Deysselbluma, Brexit limits the access of financial institutions to the internal European market, reports Reuters.

The Bank of England will allocate £ 250 billion to support the country after Brexit

Governor of the Bank of England Governor Mark Carney said that the regulator together with the Ministry of Finance have prepared an emergency action plan. This was reported in banks's press release.

The US Treasury has expressed willingness to support Britain and the EU after Brexit

The United States is ready to cooperate with London and Brussels to ensure financial stability in Europe, from the statement of US Treasury Secretary Jacob Lew, posted on the official website of the department.