Rating agencies see less risk from the UK leaving the European Union without a deal after Boris Johnson won the general election last week, raising their views on UK ratings.
The Conservative Party's majority will help them to pass the Withdrawal Bill in the parliament and move ahead with Brexit.
S&P Global Ratings revised the outlook on the sovereign ratings of the UK to 'stable' from 'negative'. The rating remained at 'AA'.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.