Just days after the Brexit decision, the U.K.’s credit score has been lowered by S&P as well as Fitch. S&P lowered the score from AAA to AA. S&P’s competitor Fitch, lowered the score from AA+ to AA, citing weaker medium-term growth and lower immigration. This is an indicator that there may be financial trouble coming in the U.K. The pound is currently at the lowest level since 1982. Will the instability in the U.K. only get worse? Elliot Hill, Jo Ankier and Mark Sovel look at the ramifications of Brexit.
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