Assessing the potential Brexit scenarios, the US-based rating agency Moody’s Investor Services said that the lost economic output in the event of a no-deal Brexit could be “significant and persistent.” Below are some additional takeaways, as reported by Reuters. “UK economic activity remained lacklustre at best in recent months, alongside weakening in housing market, consumption & financial conditions.” “If no Brexit deal is reached between UK and EU, UK economy could suffer significant & persistent loss in output.” “No-deal Brexit would have credit negative implications for number of debt issuers.” “Risk of a credit negative no-deal Brexit has increased in recent months.” “Further delay to UK’s withdrawal from EU prolongs uncertainty and does not resolve the final outcome.” The GBP/USD ignored Moody’s report and continues to trade in the upper half of its daily range near 1.2370. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Canada: Another strong month for homebuilders – RBC FX Street 4 years Assessing the potential Brexit scenarios, the US-based rating agency Moody's Investor Services said that the lost economic output in the event of a no-deal Brexit could be "significant and persistent." Below are some additional takeaways, as reported by Reuters. "UK economic activity remained lacklustre at best in recent months, alongside weakening in housing market, consumption & financial conditions." "If no Brexit deal is reached between UK and EU, UK economy could suffer significant & persistent loss in output." "No-deal Brexit would have credit negative implications for number of debt issuers." "Risk of a credit negative no-deal Brexit has increased in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
