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Brexit wouldn’t shake up resilient UK mortgage market – Moody’s

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Ratings agency Moody's said today London’s housing market is the most sensitive to Brexit effect, but maintained UK mortgage market will stay resilient.

    Key points

    Consumer debt more vulnerable

    London's housing market, of all the UK regions, is the most sensitive to Brexit effect

    Brexit would not affect credit quality of auto ABS materially as they are stand-alone deals

    Currency volatility uncertainty about UK's future relation with EU would suppress issuance, demand for UK securitisations
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