The UK has lost its top AAA credit rating from ratings agency S&P following the country's Brexit vote. S&P said the the referendum result could lead to "a deterioration of the UK's economic performance, including its large financial services sector ...
The financial fallout from Brexit intensified on Monday, battering global shares and the pound with investor sentiment soured by the prospect of weaker global growth and an extended period of ultra-low interest rates.
UK financial markets remain volatile in the wake of the Brexit vote, with sterling plunging to a 31-year low against the dollar, and some share trading temporarily halted.
THE Australian dollar has plummeted and the local stock market looks set to have another bad day after reversing some of Friday's $56 billion in losses following the shock Brexit vote.
Ryanair will not deploy new aircraft on routes to and from the UK next year, following the Brexit vote, and will instead focus on the European Union.