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    Concerns on Foreign Investment in UK Following Brexit May Be ‘Misplaced'

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    Concerns about the readiness of foreign investors to fund the UK debt after Brexit may prove to be premature, the Fitch Ratings agency said in a release on Tuesday.

    WASHINGTON (Sputnik) — Concerns about the readiness of foreign investors to fund the United Kingdom’s (UK) debt after the country decided to exit the European Union, a move known as Brexit, may prove to be premature, the Fitch Ratings agency said in a release on Tuesday.

    "Concerns about foreign investors' willingness to fund the UK's current account deficit after Brexit are premature and may prove misplaced," the release stated.

    Fitch noted, however, that Brexit made the United Kingdom’s economic outlook uncertain and the country somewhat less attractive for investment.

    At the same time, "the current account has been funded largely by non-debt flows, the prospects for which may alter depending on the terms of the UK's exit from the EU," the release noted.

    On June 23, the United Kingdom held a referendum in which 51.9 percent of voters, or 17.4 million people, decided to leave the European Union.

    Britain Says 'Cheerio' to EU (463)


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