Britain's finance minister George Osborne said Britain was prepared to deal with the fallout from the vote to leave the European Union (EU).
Osborne said he had been in regular touch with Bank of England Governor Mark Carney since the result of the referendum was announced on Friday and there were other well-thought through contingency plans if needed.
He said he had also been in touch with his European counterparts, central bank governors, the managing director of the International Monetary Fund (IMF), the US treasury secretary as well as chief executives of Britain's major financial institutions.
"We were prepared for the unexpected and we are equipped for whatever happens," he said.
On Sunday in a newspaper article, leading Brexit campaigner and favourite to become the country's next prime minister Boris Johnson said Britain will continue to have access to the European Union's single market despite voting to leave the bloc.
Britain's shock decision to leave the European Union (EU) has thrust Johnson into the gaze of global financial markets, who are eager to see what his plan for a post-Brexit Britain looks like and how, if he does become leader, it will affect the country's trade with the rest of the world. Johnson said Britain could now forge a relationship with the EU based on free trade and partnership rather than a federal system, and that Britain would also be able to do free trade deals with growth economies outside the EU.
"There will continue to be free trade, and access to the single market," Johnson wrote in a regular column for the Daily Telegraph newspaper, adding that there was "no great rush" for Britain to extricate itself from the EU. He did not set out any details of how the arrangement would work, but suggested Britain would not accept free movement, saying the government would be able to implement an immigration policy which suited the needs of business and industry.
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