Markets: FTSE 100 unsteady on Friday

Fri, 14/12/2012 - 12:30

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Last updated: 12:30

S&P warns on UK outlook

The UK now has a negative outlook rating from all major credit ratings agencies after Standard & Poor's downgraded the economy.

Britain kept its AAA rating, but S&P warned it could lower this "if fiscal performance weakens beyond our current expectations".

A negative outlook was placed on the UK by credit agencies Moody's and Fitch in the first half of the year.

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