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Fitch and Trade data knock the Pound
inspector_monkfish
Posts: 9,276 Forumite
09:44 09Mar10 GBP/USD Deflated by Disappointing UK Trade Data & Fitch Views
London,March 9.
Cable has extended south to a one-week low of 1.4947 on the back of disappointing UK trade data and Fitch views on the UK. January"s goods tradedeficit came in at GBP 7.987bn, against the GBP 7.0bn consensus forecast,although there was a pre-release rumour that the data would be "weak". Fitch saysthe UK sovereign credit profile "has deteriorated" and that it is "uncomfortable with fiscal adjustment path set out by UK authorities". Fitch has also named theUK as one of three larger AAA rated sovereigns whose "urgency greatest"
London,March 9.
Cable has extended south to a one-week low of 1.4947 on the back of disappointing UK trade data and Fitch views on the UK. January"s goods tradedeficit came in at GBP 7.987bn, against the GBP 7.0bn consensus forecast,although there was a pre-release rumour that the data would be "weak". Fitch saysthe UK sovereign credit profile "has deteriorated" and that it is "uncomfortable with fiscal adjustment path set out by UK authorities". Fitch has also named theUK as one of three larger AAA rated sovereigns whose "urgency greatest"
Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)
(MSE Andrea says ok!)
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