Brexit Is Good News For US High-Yield Investors

Brexit Is Good News For US High-Yield Investors

Even though the UK counts for a tiny percentage of the world’s economic output, the prospect of Brexit has sent shockwaves through the global financial system. Bank of England governor Mark Carney has acted swiftly to try to ease concerns about the state of the UK’s banking industry by hinting that rate cuts are ahead, and today the BoE announced that it was reducing capital buffers by £5.7 billion, effectively allowing banks to lend £150 billion more to households and businesses.

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