Central banks across the G7 have taken action to ensure the proper functioning of financial markets, Chancellor George Osborne said as the pound tumbled following the referendum vote to leave the EU.
Mr Osborne said he had briefed G7 finance ministers and bank governors on the outcome of the vote and that the Bank of England and the Treasury were "monitoring the situation closely".
Read more: Nicola Sturgeon says a second independence referendum is 'on the table' after Brexit vote
"They all respect the decision of the British people," he wrote in a series of Tweets.
"G7 central banks have taken steps to ensure adequate liquidity and to support functioning of markets."
Read more: David Cameron resigns as Prime Minister following Brexit
He added: "It was a hard fought campaign. It is not the outcome I wanted but I respect decision of British people and will do all I can to make it work."
Read more: Boris Johnson claims the UK will not be 'any less united' amid Brexit vote
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