US ratings agency Fitch out with a note on UK corps 22 Nov
- Brexit vote and subsequent weakening of pound are beginning to have a visible impact on UK corps' credit profiles
- believes key credit risk for airlines is potential loss of access to single aviation market
- sees Brexit risk in London property market which is exposed to potential loss of financial sector jobs
Cautionary note from Fitch as we wait to see if the UK Budget and OBR forecasts give the algos a wake-up call.
I posted a preview earlier here
Meanwhile GBPUSD just drifting lower to 1.3238. EURGBP 0.8873 after 0.8887 highs earlier.
