COPENHAGEN: Denmark’s central bank on Friday committed to defend its currency’s peg to the euro as foreign exchange markets buckled in response to a British vote to leave the EU. “There are no reasons why the British decision to leave the EU should affect the exchange rate of the Danish krone against the euro,” governor Lars Rhode said in a statement.

“Denmark’s Nationalbank will do what is necessary to keep the exchange rate stable should a pressure on the krone arise. We have the tools we need,” he went on.

Denmark is the only EU nation to target a fixed exchange rate with the euro, at around 0.134 euros to the krone.—AFP