Ftich Ratings stated that the United Kingdom government have to take more actions to contain the deficit which is curbing economic growth, the comments right away weighed on the pound causing it to tumble further downwards. For the fiscal year ending in March, the deficit stood at 11.1% of GDP.

The UK have to have a strong and credible medium-term adjustment plan to underpin the U.K.'s AAA credit rating part of Fitch Ratings speech last week.