ADVERTISEMENT
UK to lose top credit rating on vote to leave the European Union
The markets reacted sharply to news that the UK is leaving the EU with the British pound plummeting to its lowest 1985
ADVERTISEMENT
"We think that an AAA-rating is untenable under the circumstances," S&P chief ratings officer Moritz Kraemer told the Financial Times.
The markets reacted sharply to news that the UK is leaving the EU with the British pound plummeting to its lowest since 1985. The pound plunged 10 percent.
Stock markets from Tokyo to London collapsed on Friday following the vote.
The euro also dropped to 1.10 against the dollar as compared to 1.13 on Thursday.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.com.gh
Recommended articles
Top 10 African countries with the highest GDP projections for 2023
Top 5 economies in Sub-Saharan Africa to watch out for in 2023, according to IMF
Tanzania joins the list of African countries to sign an oil deal in the new year
Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa
10 wedding gowns on trends for 2023 brides
Aisha Modi reveals her killing job in America that pays extremely well (WATCH)
Court orders lady to pay $80,000 to man for dumping him after he paid her school fees
Nigerian LGBT rights activist being installed chief in Ghana falls off palanquin (video)