Fitch says given the election result it means the UK is highly likely to bbb Brexit on January 31 next year.
- Rating AA
- Outlook negative on view that uncertainty regarding the future UK-EU relationship will persist for some time
Cable is ambling along not too far from its US session low
More from the rating agency:
- UK election outcome has significantly reduced the very near term risk of a no deal Brexit
- large degree of uncertainty on fiscal outlook
- fiscal loosening likely, extent uncertain