Brexit will have a moderate impact on Mexico

Mexican President Enrique Pena Nieto said on Monday that Britain's vote to leave the European Union will have a moderate impact on Mexico.

Pena Nieto, speaking to reporters in Quebec City ahead of a meeting of leaders from Mexico, the United States and Canada, said Mexico had already taken measures to help the Mexican economy, referring to budget cuts announced on Friday.

Mexico's central bank is expected to raise its key lending rate on Thursday after Britain's decision to leave the European Union deepened a slump in the peso, analysts polled by Reuters said.

The median expectation . . .