• Moody’s UK outlook negative

Market news

20 July 2016

Moody’s UK outlook negative

  • negative outlook on UK banking system reflects post-Brexit uncertainty

  • UK's future trade relationship with EU will lead to reduced confidence, lower investment, consumer spending in UK

  • expects UK banks to see asset quality worsen

  • UK banks operating environment to weaken

  • bank profitability to come under pressure

  • expects BOE to continue to support the banking system through on-going provision of contingent liquidity support

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