Ratings agency Standard & Poor’s affirmed the United Kingdom at AAA but says the outlook remains negative. They note that the government remains committed to implementing fiscal reforms.

  • S&P sees the general govt net debt over 95% of GDP
  • Expect the deficit down to 4.2% of GDP in 2016
  • Negative outlook on the possibility of weaker than expected economic and fiscal performance

No immediate reaction from GBP.