The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.
S&P said the the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.
Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day.
On Friday, Moody’s cut the UK’s credit rating outlook to negative, reports the BBC.
