JP Morgan looking for a 0.5% rate cut in UK if Leave vote prevails

US investment bank JP Morgan out their latest thoughts on Brexit 23 May 2016

– rate cut possibly as early as August 2016

– using the Taylor Rule on their assumption of growth slowing to 0.5% q/q in H2 2016, unemployment rate rising to 5.6% over the next year, a 50bp rise in mortgage spreads, a rise in inflation to 2.5%/3% by end of 2017 and little change in inflation expectations, "the BoE would respond by cutting" interest rates by 55bps.

I’m not sure the Old Lady would let it go that far but hey we can throw it all in the mix/bin as you prefer.

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