U.K. Pound Extends Decline Versus Dollar After Fitch Downgrade
The pound extended a decline against the dollar after Fitch Ratings cut the U.K.’s credit grade one step to AA+ from AAA.
Sterling fell 0.3 percent to $1.5230 as of 5:08 p.m. London time. It weakened 0.4 percent to 85.75 pence per euro.
To contact the reporter on this story: Lucy Meakin in London at firstname.lastname@example.org
To contact the editor responsible for this story: Paul Dobson at email@example.com