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US ratings agency Moody’s has downgraded the UK’s credit rating from Aa1 to Aa2 over concerns for the future of the UK’s public finances. The ratings outlook is now “stable”, from “negative”. Moody’s stripped the UK of its AAA rating back in 2013. “The outlook for the UK’s public finances has weakened significantly since the... View article >
Euro was friday even against the United States Dollar, up 0.62% against the British Pound Sterling, even against the Swiss Franc, down -0.33% against the Australian Dollar, up 0.15% against the Canadian Dollar and even against the Indian Rupee. EUR 7 Day Cross-Rate Charts Read on for the latest 1-week and 3-month EUR cross rate... View article >
Sterling GBP/USD 1 Week Chart The Pound (GBP) advanced against most of its peers earlier this morning as markets appeared to be cautiously optimistic about Theresa May’s Brexit speech in Florence later this afternoon. Observers expect the Prime Minister to propose a two-year transitional deal, to start at the end March 2019 in order to... View article >
Euro was up 0.4% against the United States Dollar, down -0.22% against the British Pound Sterling, up 0.51% against the Swiss Franc, up 1.7% against the Australian Dollar, up 0.46% against the Canadian Dollar and up 1.21% against the Indian Rupee. EUR 7 Day Cross-Rate Charts Read on for the latest 1-week and 3-month EUR... View article >
Sterling GBP/USD 1 Week Chart The Pound (GBP) advanced against the majority of its peers yesterday following a better than expected retail sales report. Markets were upbeat as data showed retail sales jumped from an upwardly revised 0.7% to 1% in August, outpacing forecasts that sales growth would have slowed to 0.2% and increasing the... View article >
Euro was down -0.99% against the United States Dollar, down -0.73% against the British Pound Sterling, down -0.1% against the Swiss Franc, down -1.06% against the Australian Dollar, down -0.63% against the Canadian Dollar and down -1.07% against the Indian Rupee. EUR 7 Day Cross-Rate Charts Read on for the latest 1-week and 3-month EUR... View article >
Sterling GBP/USD 1 Week Chart The Pound (GBP) struggled to advance yesterday as rumours circulated that Foreign Secretary Boris Johnson may quit Theresa May’s cabinet in protest over her plans for Brexit. While Johnson was quick to deny these claims, the reports of a split at the top of the Conservative leadership over the government’s... View article >
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