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Ratings agency Moody's says Britain at risk of credit downgrade


LONDON Ratings agency Moody's said Britain's creditworthiness was now at greater risk after voting to leave the European Union, as the country would face substantial challenges to successfully negotiate its exit from the bloc.

Leading UK fund manager Buxton sees Britain entering recession 25 Jun 2016

LONDON Britain's decision to leave the European Union is likely to result in the country entering into recession, said Richard Buxton, head of UK equities at Old Mutual Global Investors.


Britain could face recession, BoE to ease policy 24 Jun 2016

LONDON Britain's decision to leave the European Union could drive the economy into recession and will force the Bank of England to ease its already ultra-loose monetary policy further, a Reuters poll of economists found on Friday.


UK markets shudder after Brexit vote, sterling hits 31-year low 24 Jun 2016

LONDON Sterling plunged to its lowest in three decades and the value of London's big banks sank by the most since the 2008 financial crisis as Britain's shock vote to leave the European Union triggered turmoil on global financial markets on Friday. | Video


From drinks to drugs to cars: Global business hit by EU vote 24 Jun 2016

LONDON Chief executives from Tokyo to Denver prepared for long-term disruption, job cuts and lower profits on Friday after Britain's vote to leave the European Union raised widespread fears over economic growth and sent share prices spinning.


Britain's financial sector reels after Brexit bombshell 24 Jun 2016

LONDON Britain's 2.2 million financial industry workers face years of uncertainty and the risk of thousands of job cuts after the country voted to quit the European Union, an upheaval that threatens London's dominance of finance.

UK factory orders defy Brexit nerves, improve in June 21 Jun 2016

LONDON British factory orders improved in the three months to June, according to an industry survey published on Tuesday, a latest sign that a slowdown in the economy before Thursday's European Union referendum might not be as sharp as some forecasts.

UK public borrowing slightly bigger than forecast last month, but best May since 2007 21 Jun 2016

LONDON Britain's government borrowed slightly more than expected last month, but its budget shortfall was the smallest for any May since 2007, official data showed on Tuesday.


Soros says pound fall after Brexit would be bigger, more disruptive than 'Black Wednesday' 21 Jun 2016

LONDON George Soros, the billionaire who earned fame by betting against the pound in 1992, said that a British vote on Thursday to leave the European Union would trigger a bigger and more disruptive sterling devaluation than the fall on Black Wednesday.

Brexit vote has markets, central banks on alert 20 Jun 2016

LONDON The shaky world economy faces a potentially severe test in the coming week, when Britain could turn its back on the European Union, which would shock financial markets and put pressure on already stretched central banks to prevent a new slump.

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