The U.K. loses its AAA credit rating from Fitch, the agency downgrading to AA+ with stable...

|By:, SA News Editor

The U.K. loses its AAA credit rating from Fitch, the agency downgrading to AA+ with stable outlook. The move is somewhat expected given Fitch had placed the country on negative watch a month ago. "The downgrade ... primarily reflects a weaker economic and fiscal outlook." Already lower on the session, cable sheds a few more pips, FXB -0.2%.