Britain’s currency drops following a downgrade of the country’s credit outlook UK sterling dropped on Thursday after ratings agency Fitch lowered the outlook for the country, citing risks posed by the chancellor’s mini budget. The pound was trading down almost 1% against the US dollar, at $1,122 as of 14:33 GMT. The currency nosedived to a record low against the dollar last month and some British government bonds took the deepest tumble in decades, forcing the Bank of England (BoE) to stage a £65 billion (almost $73 billion) intervention to try to stabilize markets. “The large and unfunded fiscal package announced
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