Pound slips as Moody's downgrades United Kingdom

Pound slips as Moody’s downgrades United Kingdom By Seeking Alpha

‘;

ForexSep 22, 2017 04:58PM ET
© Reuters. Pound slips as Moody’s downgrades United Kingdom

  • The pound has slid against the dollar as Moody’s has downgraded the UK’s credit rating to Aa2.
  • The firm has lifted its ratings outlook to stable after the downgrade.
  • Moody’s sees growth of 1% this year, and doesn’t expect growth to recover to historic trends “over the coming years.”
  • British sterling, quoting just under $1.36/pound this morning, has quickly dropped to $1.3456.
  • ETFs: , , , , , , ,
  • Now read: Keep An Eye On Europe For The Next Big Move In Markets

Original article

Related Articles

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Quantcast

We use cookies to personalize your experience and analyze our traffic, and share this information with our partners. If you’re happy with this continue to use our site without changing settings, or find out how to manage cookies.

Comments

comments