In the latest review report on the UK economy, S&P Global Ratings Credit Analyst Paul Watters underscored concerns that a no-deal Brexit would likely to tip Britain into a recession, Reuters reports. Key Quotes: “Our base-case scenario is that the UK and the EU will agree and ratify a Brexit deal.” “But we believe the risk of a no-deal has increased sufficiently to become a relevant rating consideration.” “Britain would experience a “moderate” recession lasting four to five quarters in the event of a no-deal Brexit.” “Most of the economic loss of about 5.5 percent (of) GDP over three years compared to our base case would likely be permanent.” 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 Eurozone: HICP inflation likely to rise to 2.2% in October – Nomura FX Street 4 years In the latest review report on the UK economy, S&P Global Ratings Credit Analyst Paul Watters underscored concerns that a no-deal Brexit would likely to tip Britain into a recession, Reuters reports. Key Quotes: "Our base-case scenario is that the UK and the EU will agree and ratify a Brexit deal." "But we believe the risk of a no-deal has increased sufficiently to become a relevant rating consideration." "Britain would experience a "moderate" recession lasting four to five quarters in the event of a no-deal Brexit." "Most of the economic loss of about 5.5 percent (of) GDP over three… 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.
