Beyond Britain: the global implications of Brexit – HSBC

Research Team at HSBC, suggests that a UK vote to leave would have significant implications for the rest of the EU and world markets.

Key Quotes

“Eurozone growth around 0.2pp lower in 2016 and 2017, but political contagion could be significantly more damaging.

The ECB could front-load QE purchases to periphery countries if spreads widened or could even start OMTs on request.

A global tightening of financial conditions could spur the BoJ into action and postpone Fed rate rises further.”