Moody's have downgraded UK from AAA to Aa1

ColdIron

It was only a matter of time, wonder what this will do to borrowing

Radiantsoul

Not a lot.

DietIrnBru

Probably based it on the advice Martin comes out with, right up there with Icesave.

funnyguy

why wasnt it mentioned on 10 pm news headlines

grey_gym_sock

funnyguy wrote: »

why wasnt it mentioned on 10 pm news headlines

i dunno - perhaps something important happened today

Thrugelmir

ColdIron wrote: »

It was only a matter of time, wonder what this will do to borrowing

QE and other emergency measures are holding down interest rates.

For how much longer who knows.

DietIrnBru

grey_gym_sock wrote: »

i dunno - perhaps something important happened today

Probably reported on Twitter

xylophone

http://www.zerohedge.com/news/2013-02-22/uks-george-osborne-responds-moodys-downgrade

mdt1988

Can't see it making an awful lot of difference; the downgrade to the US in 2011 didn't really effect their interest rates.

SleeplessinScandinavia

Being 'down-rated' could make it more expensive for a country to borrow, (loans etc) - which may have a knock-on effect to all of us.

I’m no expert, but I sometimes wonder how ‘objective’ decisions by the ‘Big Three’ agencies are (S&Ps, Moody’s & Fitch). S&P downgraded the US in August 2011 – and now they are being sued for $ billions in the US courts. Neither of the other two agencies followed suit. :cool:

guitarman001

Yeah, but the US let their house price bubble burst. I think it's not going to be good news for us - look at how much sterling has devalued against other currencies already. A COMPLETE bummer because for ages now I've thought the market was insane, so stayed out of the FTSE rally. I gave in just last week and lo and behold - this news comes out. !!!!!!.......

So - MY big question - how to preserve the value of my savings against a sterling decline? I may roll over my NS&I certs in June... gold is a funny one right now... convert to other currencies or buy international shares? The dollar seems to be having quite a rally!