Brexit reaction: What did you miss over the weekend?

katrina Baugh
clock • 3 min read

As news of the UK's decision to exit the EU sunk in over the weekend, Investment Week rounds up some of the key stories for our market.

Moody's cuts UK's credit outlook to 'negative' Ratings agency Moody's has cut the UK's credit rating from 'stable' to 'negative', saying the result would herald "a prolonged period of uncertainty". It warned the 'leave' vote would have "negative implications for the country's medium-term growth outlook": "In Moody's view, the negative effect from lower economic growth will outweigh the fiscal savings from the UK no longer having to contribute to the EU budget." Colin Ellis, chief credit officer at Moody's, told BBC Radio 4's Today programme the UK's credit rating could have an impac...

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