Brexit will not be a 'Lehman moment': UBS
While a "Leave" vote will upset markets, UBS analysts see damage being contained, given the tools available to central banks today
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Singapore
THERE is a lot to lose should the United Kingdom (UK) leave the European Union, but it will not be a "Lehman moment", said UBS analysts.
They are expecting Britain to remain in the EU, but see a "one-third or a one-quarter probability" of an exit. The London-based analysts, however, said that should the shock exit occur, policymakers around the world have made safeguards to prevent it from rattling markets.
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