Image: ReutersRatings agency Fitch lowered the outlook for its credit rating for British government debt to “negative” from “stable” on Wednesday, days after a similar move from rival Standard & Poor’s following the government’s September 23 fiscal statement.
Sterling fell to a record low against the US dollar and some British government bonds tumbled by the most in decades, forcing the Bank of England to step in to stabilise markets.
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Fitch cuts outlook for UK rating to 'negative' from 'stable' - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Ratings agency Fitch lowered the outlook for its credit rating for British government debt to “negative” from “stable” on Wednesday, days after a similar move from rival Standard & Poor’s following the government’s September 23 fiscal statement.
Source: SABCNews - 🏆 37. / 51 Read more »