Brexit could trigger financial market volatility – Moody’s

Ratings agency Moody’s was on the wires stating the financial market volatility could spike on announcements related to Brexit over the coming months.

Key points

Lower GDP growth in the UK could dampen demand for products from the rest of world

Brexit to have limited direct credit impact on Asia Pacific sovereigns

Pronounced flows into safe havens would be credit negative for Japan and to a lesser extent HK