S&P cuts the outlook for UK to negative from stable – BBH

FXStreet (Barcelona) - The Brown Brothers Harriman Team notes that just before the weekend S&P cut UK’s credit rating to negative from stable.

Key Quotes

“Before the weekend, S&P cut the outlook for the UK's credit rating to negative from stable. It cited the plans for an EU referendum, which puts at risk, it says, the growth prospects of UK financial services, export sector, and the wider economy. While the timing of the announcement was surprising, the market did not seem to react much.”