Ratings agency Standard & Poor’s (S&P) said on Wednesday that Britain’s exit from the European Union (Brexit) could have a negative impact on the pound as an international reserve currency, adding that Brexit could also have a negative impact on the country’s credit rating.
S&P analyst Frank Gill said that Brexit could weigh on foreign direct investment and other capital inflows.
The post Standard & Poor’s: Britain’s exit from the European Union could have a negative impact on the pound as an international reserve currency appeared first on forex-analytics.press.