US ratings agency on Brexit further to its downgrade of the UK 28 June
- Brexit could have longer-term impact for EU creditworthiness if it results in a weakening of support for EU
- no immediate impact on ratings for EU and Euratom
- does not expect a unilateral and sudden withdrawal of UK's capital from EIB
Fitch highlighting the knock-on effect for EU credit ratings but not jumping in to cut just yet.
Meanwhile the euro enjoying the risk-on love with EURJPY demand driving EURUSD up through 1.1100
