World shares rose again overnight, while the British pound weakened, as Bank of England Governor Mark Carney signalled the central bank will likely ease monetary policy in the coming months to offset the impact of the UK's decision to leave the European Union.
"The economic outlook has deteriorated and some monetary policy easing will likely be required over the summer," Carney said.
The pound slid 1.5 percent against the US dollar.
"The comments clearly signal that the Bank of England has decided to loosen monetary policy to support growth," Lee Hardman, a currency strategist at Bank of Tokyo-Mitsubishi UFJ in London, told Bloomberg. "And it will look through a temporary period of higher inflation resulting from a sharp decline in the pound. BOE easing will reinforce the weakening trend for the pound."
Stocks however climbed. Europe's Stoxx 600 Index ended the session with a gain of 1 percent from the previous close. Germany's DAX index rose 0.7 percent, France's CAC 40 index increased 1 percent, while the UK's FTSE 100 index rallied 2.3 percent.