- Standard & Poor’s: Britain’s exit from the European Union could have a negative impact on the pound as an international reserve currency
Market news
26 May 2016
Standard & Poor’s: Britain’s exit from the European Union could have a negative impact on the pound as an international reserve currency
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.
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