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

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